I did my 4-hour prerender so I could do a final check on my various titles, composites, etc., before printing to tape for the REAL final check on the living room couch. I watched the video carefully to find problems. When I found them, I carefully made note of them without touching anything, because of what I've learned through experience:
Vegas is VERY quick to toss overboard perfectly good prerendered video. All I changed was some compositing clips, without changing the timeline position of anything, and all the prerendering is GONE.
I haven't yet figured out what algorithm it's using, but it would seem to be pretty dumb. Even prerendered files preceding the part I'm changing get thrown away, so that lets out the strategy of making changes starting at the end and working backwards. And rendering takes SO LONG.
How do other folks use this thing?