I have a client who wants to shoot RED 4k but they want HD and SD tape deliverables. They would like there to be a connection between the tape and the RED files. As of now I was thinking of creating an AVID project that will have debayered RED material in it using the DNx codec and layoff the tapes from there and providing them with a bin of the project. They merely want to have this option for future proofing their content.
Is there a way to shoot with REGEN TC on the RED and we use tape names to keep track of the content? This way if they lose the AVID project they could create an EDL that a Smoke system could online using tape and timecode?