If you follow this blog, you'll know how obsessed I am with using my Rokinon Fisheye lens as an Ultra Wide Angle on the GH4 (or BMPCC). I'm not a big fan of the warped spherical distortion of a fisheye, so I like to correct the distortion by using a Plugin by FCPEffects. This video below was shot with a GH4 + Rokinon 7.5mm Fisheye Lens, but you'll notice how the distortion had been removed and it looks like an Ultra Wide Angle Lens.
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FCPX Fisheye Removal Plugin
TIPS: Correcting the fisheye distortion works better on the GH4 as I tend to shoot in 4K and export to 1080p. This allows me to make changes to the image while still maintaining a very high resolution. Now that the new GoPro HERO4 is also offering up 4K video, i'm using this plugin twice as much.
If you want to remove a lot of distortion, instead of increasing the value, try stacking the plugin more than once. You'll get straighter lines over a single instance with higher values.