When do you think it's best to transcode and when do you think it's best not to transcode? I don't have a Raid setup and I don't have the money to do so right now. I just run my Premiere editing off of my iMac i7 with GPU acceleration and USB 3 external hard drives with my media on it.
Should I always transcode to Prores or is that only needed when I am working on a large timeline with lots of effects. My camera shoots in AVHCD native. I do lots of color correction and effects work in after effects. Is it true AVCHD footage degrades over time when you add effects and color correction or is that a myth?