Is compressing good way to save fcp(x) exports?

Hi
Was wanting to free up some space on drives. Also have been compressing old apps on old mbp's. General cleanup is the order of the day(s).
Is compressing FCP & FCPX projects, exported films, dvd .img, etc, and/or the folders containing same a safe way to archive? If not, what things can be reliably packed or is anything and everything good subjects for compressing?
Can I choose where to save the compressed thingy? They seem to all go to desktop.
best,
elmer

I'm not sure I understand exactly what you mean  .  .  .  and I suspect from the lack of replies, that others feel the same.
What do you want to save?
The finished projects or the projects with all the editing decisions available for re-editing?
I always keep my original footage on the SDHC cards they were shot on as SDHC cards are now pretty cheap and I don't re-use them.
If you export your finished 1920x1080 project as an H.264 Master File, it will have quality virtually identical to the original AVCHD footage and take up around 6GB per hour of  video.
When you save (Share) the project you can select to send it anywhere you want.
Note that you can select a limited number of  destinations from the "Where"  dropdown menu but if you want to navigate to somewhere that doesn't appear in the "Where" list you have to click on the "Save As" disclosure triangle, which will open a window allowing you to navigate anywhere.

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