I am working up a proposal to archive of very old video, including open-reel 1", VHS, 8mm and High8, stuff shot with a portapack, etc. The goal is to put everything in the most useful, least compressed format and store it on mirrored raids, but also to re-compress it for various delivery - everything from streaming, to HDDVD (or Blue Ray) etc, down the road. My thinking is to go straight to 422 using the io hd - I understand that there is a lot of redundant resolution there, but my guess is that it will be most useful that way.
Any thoughts? Overkill? Cheaper, better options elsewhere?