>You can’t make a silk purse out of a sow’s ear 🙂 Your DV video will still be DV quality. The good new is it won’t be any worse than the original captured DV quality (which I think is quite good for acquisition).
Actually if you are to do any color corrections or comps, they will come out much better if you load in at 8 or 10 bit uncompressed. If this is not the case, dont waste your time and keep it at DV compression.