Andrius Simutis
Veteran
TheReverend, you are right, but if your source footage is XDCAM 35Mbps LONG GOP Mpeg2, or H.264, then I think Prores LT is more then enough because it's a much better codec then any of those.
It's not quite that simple...though one codec might be better, the conversion isn't necessarily so. Going from one lossy codec to another that is also lossy (even at a higher data rate) doesn't mean you will get the same quality as if it originated on that better codec. If you're planning on pushing any of the footage around in grading, or if your footage contains a lot of movement, changing backgrounds, or even smooth gradients, you'll be better off going to a less lossy codec like ProRes 422. Save the ProResLT for when you're hurting for space.