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You will want your Project Preset to match, as close as possible, your source footage.
The Output can then be adjusted, as is required, in Share/Export.
Sorry Hunt, meant to click question answered.
That is not an issue, so long as you got the correct answer.
If I understand the "points" thing correctly, on some, yet to be determined date, the poster with the most points gets an al-expenses paid trip to San Jose to dine in the Official Adobe Cafeteria. Durning this meal, they'll have five minutes to tell the Adobe engineers the features that they'd like to see in the next version of their favorite Adobe program. Whether the engineers will listen remains to be seen. I hear that they do Maine lobster for lunch on Friday, so if I win, I'll shoot for Friday lunch. I'm in the running with a gentleman, Harm Millaard, on the PrPro forum. He's in Holland, so the air fare alone makes it more worthwhile for him. I've told him that if he wins, and will invite me to the Maine lobster lunch, I'll bring the wines for the entire table of Adobe engineers! For me, it's a short hop from Phoenix to San Jose, but hey, dining in the Official Adobe Cafeteria would make it all worthwhile...