I am getting ready to post a :30 TV spot that will eventually be broadcast in both HD and SD (deliverable format is HD Cam and Digi Beta). The spot is being shot on the RED and I would like to handle all of the editing and color grading in-house utilizing Final Cut Pro 7 and Color 1.5. I have read the RED/FCP whitepaper and I wanted to get your guys' opinions of the best workflow.
I will be working with a Mac Pro 2 x 3 GHz Quad Core Processor; 8 GB of Memory; The Scratch disc will a 1TB 7200-rpm Serial ATA 3Gb/s.
Is it best to transcode to 4444 or 422 HQ? Does it make since to conform to the raw RED files for color grading?
Ultimately you might need to have everything on an external if you need to move the project from your suite to somewhere else for grading/ online. I also like the idea that an external can be used as an archive drive for the project. Drives are so cheap these days.
An external esata RAID is probably your best bet. There have been many posts here about recommendations for fast external drives so search is going to be helpful.