I wanted to respond to this aging thread with the following.
I have done some video work with striping on a local disk and this is great for performance (for the day).
The issue with RAID is getting ugly. I have heard there is more risk of using 1TB+ drives on raid 5 configuration due to the possibility of unrecoverable read error rate (URE) of 10^14 (many drives today) causing a URE when rebuilding a raid 5 setup. If this were to occur while rebuilding you are done, your data is gone. This is why RAID6 is being pushed harder to deal with 2 disk failures with the now poor URE of modern sata drives; not great for video, but you can backup your daily edits from local striped drive RAID 0.
Comments are welcome as this whole RAID question is causing me grief right now.
Please see:
https://blogs.zdnet.com/storage/?p=162
Thanks,
Mike Renner