Matthew, thanks for your post.
My initial thought was that as you say, I would be able to encode in DV using it purely as a codec, (and choose my own resolution etc.) however using Adobe Media Encoder, (with PP 5.5) there are no options to deviate from the standard flavours of DV, things like framerate and pixel aspect are greyed out.
I’ve tried encoding in MPEG stream clip aswell, and while there I can force 23.976, I can’t change anything else. My understanding is that, as a broadcast standard DV is much more rigidly defined than other codecs, and as such offers less in the way of flexibility.
However, you can actually encode for free using the gopro Cineform codec, though maybe this is only a recent development. They have a program, Gopro Cineform Studio, available for free on the Gopro website. If you download it, the the codec also becomes available to use in Adobe Media Encoder.
Matthew – what do you mean by not needing an online/offline with cineform? I won’t be able to edit it in HD, so i’ll have to lower the resolution for editing – surely this means creating multiple copies – one for each needed resolution?