Formats files and other things for hi-quality HD video, multifaceted question?  Help, please!

I just bought a Panasonic SC - V770 HD camcorder.  He recorded in 1080/60 p AVCHD or 1080 / 50 M MP4 as options high Qual... First Q?  should what format I use to capture my videos at home for the highest quality.  2nd Q, my plan is to store them on a server computer that I use for broadcast on the network and watch on my HD TV.  What should be the final revised/rendering format of the first Pro CC for streaming and backup to keep my HD videos of high quality for years to come?   Should I store in a Hi-bitrate MPEG2 HQ or HQ, Hi-bitrate H.264 mp4?   Thank you!!

There is no easy answer.   AVCHD and H264 MP4 are capable of high quality capture and storage.  Which is better choice boils down to what your made.

Both formats are saved via a codec that compresses (but almost everything is these days.)

In terms of absolute quality, AVCHD is probably wins by a nose.  However, in terms of compatibility, file size and current usage is, h.264/MP4 is probably the slight winner...

FYI, AVCHD is a format jointly developed by Sony and Panasonic, so if someone can get the best out of it, there's a good chance it could be you Panasonic camcorder.

Frankly, you will get good quality of work so be it.  If it were me, I would probably shoot AVCHD then, after editing, export to MP4 H.264 for the storage and distribution... but there is no answer "right".

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