1. Using the pc version of red cine output quicktimes that avid can read, I used the Avid NTSC DV codec.
2. Then create your ALE file with MetaCheater
3. Load the ALE into the avid
4. Link your media to the Red Cine output files.
The only gotcha I found was if the quicktime proxys are older, they might not have the reel numbers. You can recreate form Red Alert and all is well, but you need a mac for that of course.