I edit in HDV the original footage...I edit multiple SEQUENCES which I label as 1080 or 720 or 405 or 270 based on the number of vertical lines of resolution. The first number is always 16:9 ratio so 1080 is 1920 x 1080 H264 file...720 is 1280 x 720 H264 file..again for final output.
When I put the HDV file into compressor I set have custom presets I've used now and sometime tinker with for bit rate, resolution, audio, codec, etc..and I use ones I built based off of tons of my own testing. I do not DEINTERLACE the footage because in H264 Quicktime movies the output looks the same as interlaced and I think that is because the H264 codec in Quicktime viewed on a computer is always progressive. The output files no matter the size always look spot on as compared to the original HDV file, except you cannot see the interlacing which I like better.
When I downsize from 1080 to 720 or 405 or 270 it crushes all those vertical lines together anyway, so the detail I lose is not pixelation but rather resolution because my final output is in a much smaller format as to the original editable footage.
I edit and break up the video without changing anything in HDV...the native format. I scale and do all of that natively...that is HDV. The footage going in is the footage coming out...it is not until the very very end when I am complete that I then output using compressor to H264.
I've done this 50 times in the last 2 years and never have a problem, except now I am making more copies for the web & email that is why the 480 x 270 resolution and I'm curious about how much zoom on the original footage I can use before I see it on the output. And again that depends on what my output is in each case.
I imagine you either didn't understand my work flow or why it is I am trying to do what I am doing. I've done multi cam editing for concerts now with up to 8 cams...and it works real well this well. Just not sure just how far I can get that "digital zooming" or "scaling" in...often I am too far from the performers, so I do want to give the illusion that my cam is much closer to the performer. I can approximate for now and it works fine, but I'd like an exact formula for my own understanding purely again for resolution.
Hope that explains what I am getting at.
Thx for your patience-