Hi Alex,
I’m not in front of my workstation right now so I’ll try to help you as much as I can (from memory)…
1. No there is no way to import his premiere edit straight to color.
2. what you did was the right route – you just need to transcode the R3D into a quicktime container (instead of the H264 files) that maintains the RAW depth of the file. This are the files you are going to use for online in Color.- you do this with the plugin from Red website -I think this is Log and Transfer plugin – then when you install it – open log and transfer in FCP, then tweak the settings for RED MEDIA( I think) then choose Import as Native.
– however, this would only import it to a maximum of 2K or a bit higher but not 4K since FCP is limited in terms of screen resolution. The Compression would be in REDCODE.
– Just change the sequence setting compression to PRORES 4444. Then you could send that sequence via normal SEND to COLOR command.
Inside Color, I think in the settings tab – there should be a dedicated RED TAB with numerous settings for you to tweak you RAW footages.
There you have it. Again it won’t be 4K, you are actually limited by the FCP Studio Apps, I think it is just 2K or a bit higher.
regards,