Barry_Green
Moderator
Depends on what the end purpose of the footage is. If it's something that you're expecting a long lifespan for, then shoot and edit in 4K and export as 1080. That way you can always go back to the 4K source footage.
If you're doing effects work or keying, definitely shoot in 4K and edit in 4K and downconvert. You'll get the benefit of working in a 1080 4:4:4 10-bit workspace as opposed to 8-bit 4:2:0, if you shoot in 1080 in the first place.
But, if it's not anything especially noteworthy and you're not doing compositing or keying (like, say, a local TV commercial or something) then just shoot 1080 in the first place. The footage takes up less space, is easier to edit, and you get much of the benefit of a post conversion because the in-camera 4K->1080p is a full-chip scan and proper scale, so it gives you the sharpness and the noise reduction that you'd expect from a post conversion.
If you're doing effects work or keying, definitely shoot in 4K and edit in 4K and downconvert. You'll get the benefit of working in a 1080 4:4:4 10-bit workspace as opposed to 8-bit 4:2:0, if you shoot in 1080 in the first place.
But, if it's not anything especially noteworthy and you're not doing compositing or keying (like, say, a local TV commercial or something) then just shoot 1080 in the first place. The footage takes up less space, is easier to edit, and you get much of the benefit of a post conversion because the in-camera 4K->1080p is a full-chip scan and proper scale, so it gives you the sharpness and the noise reduction that you'd expect from a post conversion.