I've just completed Post on a 50 min Cutting Edge for C4 here in the UK that was completely shot on RED and its gone very well. I transcoded all rushes to Pro Res HQ with a Fast Mac running 24hrs and it was all pretty painless.
The finished sequence was graded in Color using the ProRes HQ clips. However what I would really like to be able to do is to go back to the original R3d files in the grade and render out to 10 bit uncompressed. (1920x1080)
Is there a way of doing this? This was a 600 shot 50 minute Timeline.
Can I export an XML of the finished offlline - import it in clipfinder, change the reference from the L&T'd quicktimes to the R3D's (or the full Quality Proxies?) Then import the XML into Color, Grade Render to Uncompressed and send to FCP for Final Online and layback to HDCamSR?
I've just been experimenting with the COlor workflow and it is possible to cut the small QT reference movies (P Proxies) and then SEND TO Color and change the export settings in color to the 1920x1080 uncompressed or any desired output format.
I still prefer to use rendered media, but on short projects this might be the best way to go. Using Proxie files still requires a lot of system overhead.