Iphoto/Time Capsule
I want to delete my photos off iPhoto (11K plus large file photos), freeing up space on my iMac. Will they still be accessible through iPhoto on my Time Capsule?
iMac
No, this will not work.
Even if it did, you would have no backup for your iPhoto Library if you did this.. When the Time Capsule has a problem....you lose all of your images....since you have no backup.
Please post in the iPhoto support area to ask the experts there about how to manage your images safely and always keep a backup on another hard drive.