There is no video file format or codec for all purposes. Codecs that play well on most machines (and the web) don’t necessarily edit well. The idea is to create a video file that has been compressed for a specific purpose, such as:
– layoff to tape (e.g. Blackmagic or DV)
– high-quality for eventual transfer to an editing station (e.g. Animation or Microcosm)
– space-saving archiving (Photo-JPEG)
– playback on hard drives (Photo-JPEG, WMV or others)
– playback over the web (H.264, Sorenson Pro, WMV)
– quick client previews (WMV or MPEG-1)
– playback on standard set-top DVDs (MPEG-2)
– transfer to a specific editing station for easy editing (Avid Meridien or DV)
So … for now, I recommend you create a high-quality file for archiving using the Quicktime Photo-JPEG codec, maybe at about 89% quality. (if you have a lot of space, use the Quicktime Animation codec.) Then, when you know the specific output needs, you can use AE, Sorenson Squeeze or Apple’s Compressor to create the needed file, possibly in one of these delivery formats if you like:
– MPEG-1 for hard drive/web format
– WMV for web format
– Avid meridien if the editor has an Avid
– DV if the editor edits on DV
– MPEG-2 for DVD
Does that help? If you need more info, you might want to check out the Compression Techniques COW.