OK so I have been working on fixing the blocky bleeding reds from my DVX100B SD footage, and I get fantastic results by applying the "color smoothing 4:1:1" under the "key" video effects. Plays beautifully in the browser. Then I take it to the timeline and get the red render bar. However, after I render the clip in the timeline, the effect is no longer there. It just seems to revert back to look like the original clip. So: the effect is applied, and upon rendering disappears. (I can still see the effect in the master clip in the browser bin.) I thought it might just be the playback in canvas but I exported to Quicktime conversion and sure enough there is no color smoothing 4:1:1 rendered in the finished product. Any help would be appreciated. I'm on a new Macbook Pro using a 7200 RPM external drive, and I have had no problems like this up to now.
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