I guess we need to know more about your ultimate goal and intended end product(s). Digitizing is but one step on the way to an end goal. This includes questions such as:
What are your intended final products; e.g., distribution media, format, etc.
Do yo intend to do any editing of the video beyond simple cuts?
Do you intend to do any restoration of the video and/or, sweetening of the audio?
Are there any deadlines involved
Do you have a budget if terms of time and money?
What is your skill level as regards video, computers, and software?
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