Peter -
There is no downside to creating a film project - and I always do for my video projects. 35mm 4 perf will give you the 1/4 frame resync. The only restriction it has is that subclips editing into the timeline cannot be trimmed past the subclip boundary (to protect metadata boundaries of certain logging workflows). I don't know of any timecode issues - you can display 24, 25, 29.97NDF, DF etc, as well as footage for all sources and timelines.
Michael
Michael



