Yes. When FCP captures the MXF file it writes a QT on your drives roughly the same size as the MXF data. However, Raylight rights small files (about 4k, I think) that link to the MXF media. Speed and quality are the same as using the FCP-captured media. The difference is you’re not taking up a lot of disk space with new full-size QTs.
However, always be sure to backup all your MXF data before editing just in case. We do that in the field when we shoot. The P2s are off-loaded to a mirrored RAID and all clips are checked before the P2 is re-formatted. At the end of the day we copy the mirrored RAID to another hard drive as a backup. That backup drive ultimately becomes the archive drive for the project.
John
Dual 2.5 G5 4 gigs RAM OS 10.4.8 QT7.1.3
Dual Cinema 23 Radeon 9800
FCP Studio 5 (FCP5.1.2, DVDSP4.1.1, Comp2.3, STP1.1, Motion 2.1.2)
Huge U-320R 1TB Raid 3 firmware ENG15.BIN
ATTO UL4D driver 3.50
AJA IO driver 2.1 firmware v23-28
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