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DJDecay,
That's not entirely true. There are mathematically lossless codecs out there like microcosm and bitjazz. Typically you can cut the file sizes in half. Even just sticking uncompressed video into a zip file will gain you significant space. The majority of codecs, however, are either lossy, or "visually lossless," which to me is the same as lossy. Every bit must be identical for truly lossless video.
" I was actually going to mention "zipping" the uncompressed file or similar to indicate."
Great minds think alike. Lol.
I've actually found 4:2:0 to 4:2:2 to be quite good, whether just the basic FCP pro res conversion in log and transfer, or something more advanced like cineform NEO.
I think this is because all the 4:2:2 footage I've worked with was recorded in a pre-filter type codec. (E.g. DVCPRO HD.) AVCHD being full raster at PH without interlacing, is well equipped for conversion to 4:2:2. However a full raster 4:2:2 codec like AVC-Intra would likely look better... whether it would take pixel-peeping to see the difference. I don't know.
So to the OP, I guess my answer would be that lossless encoding is really not relevant to 4:2:2 chroma. Of course lossless codecs will look better, but chroma subsampling is only one aspect of quality, and chroma subsampling can exist in heavy compression or none. You could have an uncompressed 4:1:1 sampled codec. Going to lossless will not interpolate any new information. Cineform claims to interpolate chroma, so if you're looking to get closer to 4:2:2 from a 4:2:0 source, assuming their claims are valid, that would be your best bet. But the result will be a transcode into a lossy codec. The idea is that you can have a lossy codec that looks great. How lossy it Looks is the most important question aside from CC/compositing concerns.
Cheers! and happy Halloween
What are you trying to do with AVCHD? Is it straight cuts type stuff? Or are you going to be doing heavy color correction and effects type stuff in post?
Canopus makes a transcoder that goes to the CanopusHQ codec. That's probably what Neo2 has.
DNxHD would probably be better but trying to find a user friendly & free transcoder to get it there is probably harder than finding the holy grail.
Thanks Barry! Is the ConopusHQ codec any good?
As stated, Very good! And it comes free with the camcorder now! One thing to note: they don't have a 64-bit decoder yet, so 64-bit vegas cannot read canopus hq files (32 can).