Actually if you set up a SD anamorphic sequence and drop a DVCProHD clip into it, the clip will be scaled by FCP to somewhere around 75%. So you can zoom up to 100% with very little softening and probably well beyond, Try it one your system (I just did) and decide for yourself how far you can go. Let your client see it, too, and decide.
MacPro 8-core 2.8GHz 8 GB RAM OS 10.5.8 QT7.6.4 Kona 3 Dual Cinema 23 ATI Radeon HD 3870, 24" TV-Logic Monitor, ATTO ExpressSAS R380 RAID Adapter, PDE enclosure with 8-drive 6TB RAID 5
FCS 3 (FCP 7.0.2, Motion 4.0.2, Comp 3.5.2, DVDSP 4.2.2, Color 1.5.2)
Pro Tools HD w SYNC IO & 192 Digital I/O, Yamaha DM1000, Millennia Media HV-3C, Neumann U87, Schoeps Mk41 mics, Genelec Monitors, PrimaLT ISDN