I have a PAL version of TM700.
It is possible to shoot with 1080p24. You just need to choose the Cine Mode. It reduces some of the capabilities of the camera, like the intelligent zoom, but still the quality is very good.
I don’t know how many fps Cine Mode will give you on NTSC. But it solves your problem of 60i not having the optimum height of pixels.
Once you shoot in 24p, FCP7 recognizes the files on the SD card when plugged to my MacBook Pro i7. You can log and transfer (not log and capture) and even give sequence number to your videos to keep the names unique, because TM700 resets the sequence of .mts files everytime you format the card. I noticed that FCP also uses ProRes 422 when importing these files. So they are not native AVCHD, which is fine as editing is said to be easier on ProRes (except the 8-10 times multiplied file sizes).
Problem is, if you transfer the .mts files to your computer then try to log and transfer, FCP does not recognize the .mts files. I could not solve this issue. Any ideas?
So far for my project, I had started with shoowing in 1080p50. I converted those using ClipWrap2.2 with ProRes 422 Proxy (any other ProRes made the files too big and I quickly ran out of 500GB space).
When I bring them onto FCP by “import” and drop them on a sequence to set the sequence settings to fit the footage, it seems to give me 50p on the sequence. Not sure though. How to check?
Then I can export using 720p to ensure others can view it in different places. The original 1080p50 .mts files stay in my archive as high quality recordings which can be used in a year or two on more qualified versions of FCP.
Yet, I hear what Rafael says, so now, I started shooting with Cine Mode to avoid above step and also to use less memory space.
My question would be how to combine earlier shots that have been shot in 1080p50 and newer ones on 1080p24, on the same sequence?
Also, would it be better to shoot on 50i and then convert this to 24p or 30p? Is that possible at all? Or is my Cine Mode approach best choice I have?