"If I create a proxy and warp stabilize that...when I go to the replace footage option will the stabilization carry over? Or will I have to remember the settings and run it again on the replaced footage?"
Basically, I want to create proxies of the files so that they are easier to edit than the ones I am working with. I also would like to run warp stablizer on them in order to see if it's feasible and will look good. My concern is that when I go to replace the proxies with the actual footage, that the warp stablizer effect will have to be rerun. Is this the case? I am not at my editing computer to test right now.
Try it when you can. Then you'll know.