Really interesting report on the new AVID. Although AVID has in terms of formats in recent years moved more slowly to the front, the MC5 seems finally to support all these formats and even play see at liquid.
RED on the subject files, which Quiktime files of a project are just reference files. These files tell the NLE or Quiktime only player in what quality he should play the R3D videos. In principle, the MC does nothing else, it only determines the quality of reproduction itself.