Hey Orash, now I got it. In that case I think that shooting the test film will be a cool educational project but your workflow will be a bit different from what you would use with digital images from RED, Arri, etc.
In my opinion, you would do well to find a film-inspired look that you like, and then come up with your own methods to find a similar look with your digital images. There's not really a right way or a wrong way, just get your look
One small workflow thing that might help would be to try "film-style grading" in which you leave your shots in log space (Red Log3G10/wgRGB or Arri LogC, etc) and then use a log to display transform as the last step in your grade. Do the grading on the log image using offsets / gain / contrast etc and see where you end up.