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H264 & Prores Workflow in FCP7
I have a quick question regarding a workflow when editing H264 HD footage from a Canon DSLR. I understand the best way to edit is to Log & Transfer (using Canon Plugin) and transcode to a ProRes timeline. After editing, I want to export direct from the timeline to Compressor for SD (DVD Mpeg2) or HD (BluRay).
Question is: Will I loose quality of the original H264 footage by following this process, or should I use the Media Manager to re-ingest the original H264 source files into the edited sequence (not sure exactly how to do this anyway) before exporting direct to compressor for the DVD or BluRay encode??