Hi Tamo,
No! It is not possible to do Bayer to NV12 color conversion in imx8mp ISI.
The reason is simple: There is no debayering logic in the ISI. Only imx8mp embedded ISP features a debayer.
When it says ISI has CSC, this is only simple conversion like YUYV to NV12 or so where only simple pixel operations are performed.
Debayering is the core algorithm of ISP.
What prevents you from using ISP? There are lots of examples and code even for imx219.
I hope this helps