First of all, 24p or 23.976 does not define resolution. It only defines a frame rate and image structure (progressive or interlace). 720p is also HDV but also HD with DVCPRO HD from Panasonic.
24p does not exist as a native SD format but does exist in HD. HD can be 1080p/24 or 1080p/23.976. 720 can be 720p/23.976 (which is a 2:3 pulldown into 59.94).
One can think of 23.976 as being drop frame, but it should be clear that drop frame timecode does not exist in 23.976. It is a playback rate counted as 24fps timecode. If you want broadcast time while editing, set the sequence timecode in your timeline to 30fps drop frame.
23.976 does exist in SD (DV cameras) as part of a NTSC signal with either NORMAL or ADVANCED pulldown. In this case, the 24p or the 23.976p (frame rate) refers to the rate at which the image was captured sometimes referred to as the motion resolution. The motion is captured as true 23.976p and then stored as a SD signal compressed as DV with one of two pulldown cadences.
The choice of project type is defined by the frame rate of the camera during production and the audio sample rate. Of course you can cross over into one or the other but you will go through an audio sample rate conversion when doing so since in both cases the sample rate in 48kHz. Changing just picture to the other frame rate and not the audio would have the audio drift by .1%.
The HDW-F500 VTR can take a 23.976p, 24p and 25p tape and play out back at 23.976fps, 24fps, and 25fps. In each case, the audio is staying at 48kHz and the deck is fondly referred to as the world’s most expensive audio sample rate converter… 😉
24 frame based television is done at 23.976 since it allow for a clean 2:3 pulldown inside the NTSC rate of 59.94 fields per second (29.97fps). This is true for film or HD. But film at 24fps get an audio sample rate conversion during the film to tape transfer at 23.976.
24fps is typically used fro feature films since the acquisition is at 24fps and the audio is brought straight in for syncing. In this case, you need true 24fps.
The Avid products allow 24fps and 23.976 timelines to go out as 23.976 or 24fps depending on your final distribution needs.
In the end, a frame is a frame for picture, it just plays back at a given frame rate, but audio is a different issue since 48kHz is a constant and needs to remain at the rate regardless of playback rate – so in many cases it needs to go through a sample rate conversion or analog to digital or digital to analog.
Michael