I was wondering what would be the best method to editing my footage. It will be about a 5 minute video, and I will print it to DVD and also have it available for the internet. So should I edit in Apple ProRes, reverse telecine, etc.?
I use the HV20. You can edit it in iMovie in FCPX if there's anything fancy you need to do. if you use iMovie, the footage will be converted to the Apple Intermediate Codec. In FCPX, you can edit directly in HDV but better to select Optimuze Media on ingest which will give you ProRes. Either will work for you. If money is an issue, just use iMovie as long as you needs aren't too challenging but if you want to but FCPX, it's not expensive at $299 on the Mac App Store.