Letterbox in SD

I have a job where i need to record letterboxed footage to SD (PAL) I was wondering what would be the best way to set ASPECT CONV?

Letterbox or Squeeze???
 
If you're wanting to hand over 4:3 footage that has a letterboxed 16:9 image on it, then shoot letterbox.

If you are going to be doing extensive post production, shoot squeeze, and letterbox it at the end.
 
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