Monty Montgomery wrote:

AFAIK mjpeg can handle different colorspaces, including YCbCr, so it seems to me that 
transcoding video (footage) to mjpeg doesn't necessarily imply colorspace conversion, or 
at least a "lossy" colorspace conversion (independently of the loss due to the 
codec itself).
Almost any conversion between formats is going to take its toll. Depending on the transcoder and the involved formats, the level of impact varies. But how many of those who use DSLRs as their video source pay attention to the automatically picked ISO level, which has a huge impact on the noisiness of the image? (Well, I do.) So I think that the bottom line is each one to his (or her) own source quality, and even more important, destination quality. If either isn't necessarily high, transcoding is no big deal, and makes life easier.

If the target is a video in Youtube, quality may not be such an issue. If it's for national TV, that's a different story.

  Eli

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