> Are you allowed to distribute the output images (rendered image), whether adjusted, non adjusted, etc.
> without limitations (allowed use, credit requirements, etc),
That's correct. Our intention is for you to be able to freely use Wood Workshop image output in your projects.
> as long as you're not sharing the actual preset files?
That's not correct. As you quoted from the EULA: "You may freely use, modify, copy, and distribute Presets." The Wood Workshop EULA states that Spiral Graphics owns the presets, but it still gives you the right to use and distribute them (as long as your actions don't contradict our ownership of the presets).
That is nice, then Wood Workshop is really free to use. Of course since Genetica is not designed as free software, you have to purchase it first to have better conditions (and of course more functions than the free viewer) and that is fair.
Thanks for the reply and clearing things up!