I prefer straight SQUEEZE to Photo Zoom. So, I guess you'd have to try it yourself and find out.
Sorry for re-upping this thread, but I'm still confused about a few things.
Wouldn't uprezzing letterboxed footage yield better footage than uprezzing Squeeze to HD resolution? Barry Green explains it's better to do this in his book, since you stretch unmodified footage, rather than modified footage. But it doesn't seem to make sense to me, since when you uprez the Stretched footage, it's already 16:9 -- so you stretch/uprez LESS than if you did with Letterbox footage; so wouldn't it offbalance the whole "stretching untouched v.s. touched footage" issue? Plus, you get the added factor that Squeezed footage is footage that is stretched in camera, before compression, etc. So with uprezzing letterbox -- you uprez 100% (using these numbers as an example), whereas with Stretch footage, you uprez 70%, with the other 30% already stretched for you by the camera (probably better stretched also).
In the book, when Barry Green says "letterbox"; I assume he means either 4:3 or Letterbox footage (with black bars); I don't think he cares either way. But based off of this thread, it seems it actually would be BETTER to uprez to HD from Letterbox footage rather than 4:3 footage, since Letterbox probably contains just a little less compression.
Another issue is that when shooting with Letterbox mode, I've heard that the footage isn't actually true 16:9; it's a different aspect ratio -- is this just an issue with certain cameras, or with all DVX's?
My last concern is why someone needs to uprez stretched/letterboxed footage to HD res., especially when you plan on viewing the footage on DVD on your big screen TV -- the end result will still be 480 right? So you uprez the footage to HD resolution, and you burn it onto DVD which basically shrinks it back down to 480. Or is downrezzing HD back to 480 always better? This might make sense with footage originally in HD, but the DVX footage was uprezzed in the first place -- so to me there seems to be some unneeded messing with the footage.