[Rich Rubasch] “Anyone out there who IS converting to a standard codec (like ProRes) and having success editing with that codec?
Can the Media Browser be told to convert the native footage files to a different editing codec like in FCP Log and Transfer?”
Prores works fine and Prelude is a pretty good tool if you need to transcode a bunch of files. You can also add markers and make some rough cuts in Prelude and send the clips to Premiere.