Project type depends on how you audio is coming in. Is it sync on tape or are you syncing in Avid? If syncing in Avid, what sample rate?
Workflow wise, edit either native 24fps or 23.976 (depending on audio answer above). The FLEx file will contain all the timecode and KeyKode as needed.
Once you cut the offline, export an EDL or a Pull list. EDL from EDL Manager (timecode based) or a Pull List (timecode and KeyKode based from Avid FilmScribe).
The colorist can re-transfer back to the same timecode for you to do a batch capture from your original timeline or have the colorist just re-transfer away and give you a new FLEx file. Import new FLEx file, relink sequence to new FLEx file events and use “relnk by KeyKode. Sequence will relink to new clips. Batch capture.
Michael
anything 24fps