I find this a little bit complicated.
What I do is this:
I start a HD project.
I`m adding my HD footage to the timeline, one at the time.
Then I render my clips to a proxy format – I use DV.
I start a new DV project, I edit my footage.
Afterwards I I right-click the proxy files in the Project Media Window –
choose Replace from the shortcut menu –
browse to the original HD files and click open.
The edited DV files on the timeline is replaced with the HD files.
Is there something wrong with this procedure?!
I have Vegas Movie Studio HD Platinum.
And a question:
if my destination format is standard definition, like an ordinary DVD, do I need to replace the proxy files before rendering?