HDV & SD Editing

[dhnj]

IMHO I have found out the best solution for HDV & SD editing as follow:

Capture HDV footage and edit with Ulead Video Studio 11 Plus
without any re-compression.

Burn edited video clips to Video Directory on a DVD-R, DVD-R/W, DVD+R or
DVD+R/W media which can be played back on PS3 with full HD glory!. The
burnt video clips on DVD discs can be kept as archive freeing up hard disc space on the Computer. When Blu-ray & HD-DVD burners get cheaper these
video clips could be authored into to a Blu-ray or HD-DVD.

In the meantime edited HDV footage can be convered to SD format(very good quality with AC3 5.1 sound) with VS11P in order to make normal DVD's. I find that converting HDV footage to SD with VS11P much better than in camera conversion from HDV to DV format. Here are my VS1P settings for HDV to SD conversion:

Custom
Options
Compression Quality 100%
Video date rate 8264 variable
Change to Media type MPEG-2 PAL DVD
Change Audio format LPMC to Dolby Digital audio type 3/2(L,C,R,SL,SR)

File attributes:

MPEG files
24 bits, 720 x 576, 25 fps
Upper Field First
(DVD-PAL), 16:9
Video data rate: Variable (Max. 8264 kbps)
Audio data rate: 384 kbps
Dolby Digital Audio, 48 KHz, 3/2(L,C,R,SL,SR)

For SD editing and authoring I use the following software which IMHO are
the very best:

Editing: Womble Mpeg Video Wizard
Authoring: Mediachance DVDLAB PRO 2.3

[Lunchbox]

Womble is a good editor as it's only re-render the part where filters or transitions are applied.

[lecurse]

I put this here, since it's fits the gist of the thread title and some of the information in the initial post, though I do not intend it to be restricted
to the specific process mentioned in the initial post. I hope that is ok.

If you know that in the end you are going to downconvert in the software
to output to SD DVD only, how does that affect your editing process?
More specifically, are there things about how the loss of resolution is
accomplished that affect what you do?

Additionally, is there anything that you do to improve real-time editing
performance, knowing that you will not need or end up with the full size
data files in the end?

Thank you in advance for any advice