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Chris are you making copies in PT from a master library, or using the masters in your edits? I know for me, I master all multi-channel recordings into interleaved files to reduce the load on directories, and doing a lossless conversion to reduce the file size to 50 to 60% of its uncompressed size is not trivial to me. And anding one more step until it gets a library index, at least to me is a triviality- (much in the way doing two sets of offline backups is). I have my library drive set for read only as well and would never, ever use a master in a session.
I know the last time a did a DVD backup of the library, it took about 400 dvd-r's and months to complete. I do that level backup usually every 12 months, and maintain a second copy on hard drives as backups as well. And if the time to compress to one half the size means I gain back dozens, if not hundreds of hours creating offline backups- the math says it is a good use of time....
My session copies for projects I would backup offline as uncompressed files though- in duplicate, of course.
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