Michael,
The Varicam is a “progressive” camera, and as such writes 60p (progressive) frames per second. When in 24p rate (which exactly mimics the speed of a sync sound camera, the Varicam writes the 60 frames (per second) with the 3:2 pulldown included. Many NLE systems then “extract” the “A” frames to create a 24p project. This sames an enourmous amount of bandwidth and storage requirement (24 is 40% of 60).
The best way to conceptualize it is to consider the DVPRO100 footage as what would emerge from telecine after you’ve converted your 24fps film to tape for editing or exhibition. The bonus is that with the flagged frames you can remove all but the discreet/individual frames for the purpose I mentioned above.
In addition, of course, the Varicam can record at other frame rates, in this case imitating the over and undercranking that is popssible with some film cameras. A hardware or software (in FCP) conversion converts it back for insertion in a 24 or 30fps project.
In addition to frame rate, the Varicam has electronic settings in it’s “Film Rec” menu that imitate the gamma curve of film. The “dynamic range” replaces conventional knee point and slope with four presets known as 200,300,400 and 500% which crush the blacks and whites effectively lowering the contract so that it can be added back in when “filmed out” on a laser or other type of printer.
If your project is not intended for this “film our” process where the finished tape is converted to film for exhibition on a conventional “movie” projector, but rather shown on television (or even a digital projector) I advise using the lower settings of “dynamic range” such as 200 or 300% to minimize post production color correction and to get more of a what-you-see-is-what-you-get (WUSIWUG) look.