Log and Xfer IS slow…. FCP can only use a couple cores. But why not just start a L&T batch and let it run overnight? It makes great looking ProRes that can be easily re-tracked to the original RED for finishing.
Or you can start editing right now using the QT proxy (H,M,L) files that are generated within each RED shot folder. There’s a great white paper included with the RED for FCP installation file on the RED website that walks you through how to set this up. You’ll have Orange render status – not red. Try setting your sequence to Unlimited RT?
Red Rushes is multi-core aware so you can blast through RED. But then you need to develop a workflow strategy to get back to RED. However with the intrduction of ProRes4444 I don’t see any reason you’d WANT to go back. RED is pretty noisy stuff to begin with….