[Sam Caino] "If I use the same .mpg2 template for both renders, will the No Compression Render work as normal?"
Yes, but you don't have to limit yourself to MPEG-2. When you render video to any of the following formats, unedited video frames are passed through without recompression (smart rendering):
- DV AVI
- DV MXF
- IMX MXF (IMX 24p MXF is not supported for no-recompress rendering)
- HD MXF
- MPEG-2 (for files such as those from HDV and DVD camcorders)
- XDCAM EX supports smart rendering across the following formats:
- SP 18.3 Mbps CBR 1280x720p to/from XDCAM EX and HDV HD-1
- SP 25 Mbps CBR 1440x1080i to/from XDCAM EX, XDCAM HD, and HDV HD-2
- HQ 35 Mbps VBR 1440x1080 to/from XDCAM EX and XDCAM HD
- HQ 35 Mbps VBR 1280x720p to/from XDCAM EX
- HQ 35 Mbps VBR 1920x1080 to/from XDCAM EX
So I would use HD MXF or XDCAM EX.
~jr
http://www.johnrofrano.com
http://www.vasst.com 
