Ok, I'm trying to wrap my head around this and I've been trying to understand color spaces in vegas and how it works.
This is a resource I've been trying to understand:
http://www.glennchan.info/articles/vegas/v8color/vegas-9-levels.htm
When I export I generally use wmv, since it looks identical to how I see it in Vegas.
But if I want it exported to AVC (.mp4) I put an adjustment layer with a levels preset (Computer RGB to studio RGB) hence getting a washed out image in vegas, but correct image when playing back the file in WMP.
But when I upload to youtube, it either is washed out or right on the money.
I don't feel like I have control over how it will look on youtube.
Any thoughts?