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Gopro video & Cineform Studio.Why need to conversion MP4 to avi before edit

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Can someone explain why in order to edit the Gopro MP4 video, Cineform wants to convert it to AVI from MP4? In the conversion process it gives you the chance to downsize the resolution in the process. Why would someone want to reduce the resolution and quality before editing? I would think it should all be part of the editing process. Am I missing something here?

Also if anyone has any Gopro video editing advice, not in terms of trimming video, but adjusting levels, and saturation, like in photoshop, it would be greatly appreciated.

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