The Bolex is pretty good for making shorts. You need to fully understand what this means though.
1) It is really good for handheld shooting. The handle is great and C-mount lenses are usually well suited for pulling your own focus.
2) You will absolutely need an EVF or an HDMI field monitor for shooting. The camera is literally unusable without one.
3) You can shoot around 1.5 hrs on the 512GB and around 3 hrs on the 1TB version. More than what you will ever need on a shooting day for a narrative project. For archiving and offload you should use a program like Slimraw (www.slimraw.com), which is essential for raw video work. It will compress the raw footage whle you offload, which greatly cuts on storage needs. Think ProRes data rates.
4) You can edit and color raw footage directly with free software like Davinci Resolve (https://www.blackmagicdesign.com/products/davinciresolve). This is the most practical way of working with Bolex footage by far. Resolve needs a decent GPU, so it may not be working on your campus computers if they lack graphics power.
5) Bolex has no on-board microphone. It has two pretty good XLR inputs. You will need a mic if you want any sound.
6) This camera needs light (it can do ISO 800, but you probably don't want to go above ISO 400). It is not the best choice for indoors shooting without proper lighting. On the other hand, C-mount lenses are usually pretty fast. In any case, the Bolex loves beeing shot outdoors.
Lenses are (usually) less important than grading. Grading is (usually) less important than lighting. Lighting is (usually) similarly important as production design and costumes. Production design and costumes are (usually) less important than the cast.
1080p Canon 5d3 raw using Magic Lantern is still beautiful to behold. Possibly the best 1080p choice for narrative now in terms of image, especially with the price going down after the 5d4 hit the market.
You missed an important detail: what are you gonna shoot with the camera?
Answering without any idea about this is pointless.
No need to "claim", all incandescent lights are CRI 100 by definition since they are the closest possible to a black body radiator.
Pars without a lens will make crisper shafts. Fresnels with the lens removed can also work.