Leon, while the free REDCINE-X PRO app will adjust and export RED to most any file format you use, I discovered that I can also view the edit in Adobe Premiere Pro natively, which saved me from having to rebuild the edit. (The editor gave me the XML EDL as well, which is what I opened in PP)
Why Premiere can view it but Quicktime Player can’t is beyond me, but nonetheless, that gave me the ability to export the whole sequence from Premiere to ProRes, which is what I’m using for my intermediate format.
In theory it would be even better to import that Premiere project as a dynamic link into After Effects, but I’m not doing that for two reasons:
1. After Effects immediately (without hang) throws an error: “failed to connect to adobe premiere pro dynamic link”. A bit of research turned up no answers, so I need to move on and deal with that another time.
2. I’ve also read here in another post that while possible to dynamic link your AE comp to PP, it just slows things down keeping that edit live. My edit is locked at the post house, so while we might save a bit of quality by not re-compressing to another format, having that “change the edit” flexibility wouldn’t be worth the attested sluggishness I read about.
Hope it helps,
Greg