No. Vegas only makes a bit copy. You can then use Vegas to render / encode using a different codec for a reduced file size, and probably reduce quality in the process. You may also make the footage harder to edit.
I got 4 external f/w drives. This equates to .. . er .. the maths is coming . . er . . 360 gigs . .loads of space over and above my 400gbs on 3 drives on the pc.
I might have to just do that! I can get an external drive just for my video work then...
btw, I usually capture and have vegas create the clips. One project usually has about 100 clips. This is good for editing, but now I want the raw footage as one or two files max to put on DVD. Do I have to re-capture and reduce clips or could I combine the AVI files somehow?
You might also get into your preferences, in 'capture' (go to 'options' in capture and then the 'capture' tab.) and turn off "Enable DV scene detection". This will keep the footage all together when you capture instead of breaking them into little clips. (you will have to manually make the cuts where you want.)
it will just take much longer i'm guessing due to rendering times
It will take you no longer at all to do this. In order to put on a DVD you must renbder to MPEG2 format. You would have to do that wether you had a single AVI on the timeline or a 100 smaller clips.
Just load all the clips onto the timeline and render direct to the DVDA MPEG2 template.
Even if for some reason you felt you had to render out a continous AVI file... you could do that and it will take very little time to do that. Vegas will just do a bit-for-bit copy of the smaller clips to make your one big AVI file... no actual rendering is really needed.
I meant that I thought it would take longer than the capturing time which I had already did so i didnt want to render to put the clips back together ... but I forgot that I want to put it on DVD anyway so I would have to render the raw footage to MPEG anyhow...