So I finally embrace the LUT and want to try the cool LUT I just found here but the Speedgrade manual and Adobe help aren’t exactly helpful. What is a LUT? This Wiki will explain it.
After playing around in various forms, a restart and lots of worthless Google searches I stumbled on the solution by accident. In the lower left corner, click on the + icon to open a menu and select FILM and choose LUT.
This will allow you to select the LUT you have downloaded, is available as a default or something you have created in another application.
If you are looking to try out a LUT without paying, try out the Instagram looks I found here.