Like everyone else on NS, I recently got a GoPro and it has been working great. I'm shooting exclusively 720p at 60fps and I love the quality, but now it is time to start editing. I have heard from a number of people that before editing I should encode my mp4 files into a smaller and more manageable format in order to save space on my hard drive and so that things run smoother when I edit. From what I've heard, Apple ProRes 422 is the best option for this, but since I'm on a PC I can only play ProRes, I can't encode with it and I don't have access to anything Final Cut.
So my main questions are as follows:
1. Is it necessary/good policy to encode clips from mp4 into an alternative format before editing on a PC?
2. If so, what format/codec should I use and what program and settings should I use for that codec in order for things to run smooth, save space and still have high quality video?
Editing program: Adobe Premiere Elements 9
Computer guts: 4GB DDR3 Ram, 500GB 7200rpm HD, 512MB dedicated graphics card
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