Shot on Genesis 4k, can I use proxies in Final Cut Studio 2?

Greetings.
So I'm on the shortlist for a music video to be shot on the panavision genesis camera at 4k. From what I know, FCS2 has proxies to edit with more easily accessable sized files, but I'm not sure if it is only for the RED camera. If I am to digitize at uncompressed 4k resolution can i ...
1. cut uncompressed on my current rig (2.33 core 2 duo, 2 gigs ram)
2. use proxies to "downconvert" the footage to edit, then spit out an edl for the colorist...?

Alright. Couple things here:
-The Genesis doesn't actually record 4K. It's a 4K sensor, but it records standard 1920x1080 to either HDCAM SR or HDCAM via the SRW deck onboard. So your format is 1080p, not 4k (or even 2k).
-Having shot and delivered many videos for many labels, there is almost zero demand by the labels for HD (or 4k) music videos. If anything, the new demand is for videos for cell phones and YouTube. Labels have VERY few outlets for HD videos.
-With all of the above in mind, it makes about zero sense to complete post on a music video in anything better than Digibeta SD, unless you really want the experience of completing post on an HD project.
-So if the Genesis is still your choice, then you need to decide whether to shoot HDCAM SR (with the consequential expensive HDCAM SR deck rental for post), or plain HDCAM. I recommend plain HDCAM. You can then bring in via JH-3 deck and DV/firewire for your offline, and then redigitize with the same deck via SD-SDI for online finishing. This is your 'proxy' idea, in effect...it's called offline/online editing.
-Get a post supervisor or editor that understands this stuff inside out before you waste thousands on deck rentals and edit bay time.
Dual 2.0 G5 Mac OS X (10.4.9) Decklink HD

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Shot on Genesis 4k, can I use proxies in Final Cut Studio 2?

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