Hi, I'm relatively experienced editor. However all my work has been editing HDV footage. I'm just about to take on a really big new project editing footage shot on a canon 5D, which I'm unfamiliar with. I want go get the right workflow sorted from the begging so I don't have any problems later into the project. I'm edging on a Mac Pro and in FCPX. What if any, codec should I transcode the footage into to edit it in FCPX? Storage isn't really an issue, but by the same token I don't have unlimited storage capacity.
If I do need to convert my transcode the footage, what program/settings should I use?
ProRes422 using "RGBto5D Batch" or the free RGBto5D is my recommendation. They are available in the App store. The Batch version is a paid version but it lets you batch the files instead of doing one a time.