I’ve done two tests, one where i took a segment of the original pro-res 4444 and added grain in after effects, exporting under its animation preset and then going to 5000kb/s h264 in compressor.
and another where i took the same segment of the pro-res 4444 and compressed it to 8bit in compressor.
The 8 bit had noticeable banding however considerably less then what im used to seeing with my low bit rate h264’s. i guess id consider this an acceptable level.
and the clip i’d added grain too looked a whole lot better in h264 then the equivalent conversion without grain, however not quite as good as the 8bit
i should add that i don’t have the origial fcp file and scratch disk for this film. just the pro-res 4444 that i exported from fcp and color. although im considering getting my hands back on it and starting from the top again. maybe add grain in color and export as a 10bit? then dumb it down?