Sorry I seem unable to provide answers with which you can agree, but what I have told you about archiving on tape is firmly supported by many other knowledgeable contributors here and I do keep my magnet collection well away from my stored tapes. 😉
Re the 12 to 16 bit audio. I am not certain, but I highly doubt you will find software that can make a silk purse out of a sow's ear, so to speak.
As I said in my first post here, I had no problem with 12 bit audio and HD6, even with longer clips, after burning my DVDs. Why don't you TRY it?
Also, IF your camcorder has an AV out port, as mine does, you could connect your camcorder directly to a TV for playback of the tapes.
If in the future your tape recording devices fail, there will still be businesses that will be able to capture that recorded information and transfer it to the technology of the day. Tape has been around a very long time and it is still the preferred choice of most professional videographers today. It will still be usable for years to come. I believe that DVDs, on the other hand, will more quickly go the way of the dodo than tape will.
Finally, your impression of the quality of iMovie may relate to what the 08 and 09 versions can offer, but iMovie HD6 is most definitely a high quality editor, on the same level as Final Cut Pro, just with less complication for the novice home movie maker. It was designed to work only with Digital Video from a tape cam, giving lossless DV quality to the finished product. It doesn't get any better than that.