HI
An ex-Avid colleague and I edited two archive footage shows using FCP. My project for the two-hour timeline came to about 10MB.
His came to 194MB before the Mac gave up and failed to complete it!!!
What he was doing was creating a timeline of cut source footage, about 20-40mins, then opening a new project and dragging that sequence into the new project, and closing the first project.
So his new project had no clips in the Browser, just a sequence.
After he had done this about 15 times he had created his 194MB masterpiece, with no source clips anywhere in sight in his final project – just sequences that referenced earlier unopened projects. So in effect every project he had ever worked in had to be invisibly opened by his final project for it to know anything about all his nested/nested/nested… timeline clips.
I don’t know if any of this applies in your case, but I finished the show by creating a new project using the timecode data of his clips – which was down to 10MB again 😉
(I hadn’t realised that Avid clip management was so different to FCP’s.)