Yikes! We’re getting more and more of these crazy PAL dailies! It’s perfectly fine to shoot in PAL and convert to NTSC. No biggie. But PLEASE DON’T DO IT WITH YOUR DAILIES.
Just shoot in the format you intend on finishing in. Really! The cost and headaches of making a primo standards conversion are extremely high, so doing it with ALL the footage of the dailies (sometimes a 30 to 1 ratio) is about as fun as hitting yourself with a sledge hammer.
The best choice is to finish your film in the original format, THEN do the standards conversion with the final cut material. That way, every shot can look its best and real attention can be given to the problem areas. Producers will appreciate saving major budget money on only converting shots that will actually end up in the picture.
If you are stuck with doing the conversion from the foreign dailies, then please pay for the editor do a rough cut assemblage in the PAL format (it could be done on a laptop at low rez) in order to make a culled down batch of footage. So instead of a 30 to 1 ratio, maybe it’s trimmed down to about 5 to 1. Otherwise, do you really want to be paying all this money and time in order to convert the standards for shots like false starts, slates, stupid flubs, camera problems, etc.?