If you plan on a DI finish then the EDL suggestion is not wrong. DI scanning, conform and grading systems do not read keycodes for the purpose of locating frames or conforming sequences. They use time code from the EDL.
The way it works is that each lab roll has a hole punch at the head which is 'assigned' a time code at the time of telecine. This time code is on the telecine'd tape. Your edit system edits and tracks this time code. When the EDL is returned to the scanner, the operator sets the film on the hole punch and 'assigns' the time code as per the log for each lab roll. Then the scanner looks at the EDL and scans only the used shots.
The conform and grading system also look at the EDL time code and compare that with the timecode embedded in the DPX frames that the scanner puts out, and then builds a sequence that exactly matches your edit.
I'm talking about the following scanners - Spirit 4k, Northlight 1 and 2, Golden Eye, Arriscan, Lasergraphics. All these use EDLs.
And conforming/grading systems - Nucoda Film Master, Autodesk Lustre, Quantel iQ, Resolve. These also use EDLs for conform.
The only place you need cutlists is for a physical negative cut. And even in that, since you have 3-perf and 4-perf mixed, you cannot have a single roll negative cut.
Hence the EDL suggestion.
Mote details at my DI site
http://www.sadwelkar.com/DI.htm
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Neil Sadwelkar
neilsadwelkar.blogspot.com
twitter: fcpguru
FCP Editor, Edit systems consultant
Mumbai India