Which file type to use for editing

I recently filmed a school talent show to create DVDs for the parents. I'll be using PrE 9 to edit. I understand the output for the movie will need to be MPEG2 for the DVD. We used three different cameras (I know this is a bad thing to do with PrE), but we used what we have available. Though, we did use a GoPro Hero2 mounted on the piano to give a unique perspective. Consequently I need to convert the video files into a common format for editing. Is there a "best" file format to edit in or is there a file format that is easiest to work with in Premiere Elements while maintaining the best quality for the DVD output?
Here is what we used:
Camera 1 (with the audio track from the sound board) was a Canon Vixia HF300. It exported in the dreaded .mts format (half the show at 24mbps and half at 17mbps)
Camera 2 was a Nikon 5100 as .mov files, 1920x1080, H.264, Linear PCM, Total bit rate 19k
Camera 3 was a GoPro Hero 2 recorded .mp4 1280x780 H.264 Total bit Rate 15k
Since the aspect ratios are not equivalent, I plan on using black bars as opposed to cropping.
I'm editting on an Apple MacBookPro 2.66GHz Intel Core 2 Duo with 8gb RAM running OSX 10.7
Also, should I use Quicktime to convert these files into the common format I choose? Ironically, all this footage is editable in iMovie, but iMovie is horrible for multi-camera.
Thanks,
Ed

Over on the Windows side of the aisle where I am, I would say convert all to DV AVI since the end will be a DVD, not a BluRay
For Mac, I guess the SD version of DV AVI in the MOV wrapper
I have some saved discussions & links, but have NO idea if any of these places have Mac versions
Tools to Convert to DV-AVI http://forums.adobe.com/thread/415317
Convert http://premierepro.wikia.com/wiki/FAQ:How_do_I_convert_my_files%3F
Convert your HD files to DV-AVI Type II with 48KHz 16-bit Audio
As well as the links just above, use Google to find conversion software
I have NOT used the products below, I only forward due to other mentions... so YMMV and all the usual disclaimers... check the links and read to find out if one of the products listed below will rip or convert the files you have to something you need for editing
http://www.corel.com/servlet/Satellite/us/en/Product/1175714228541#tabview=tab0
http://www.womble.com/products/mvw.html
http://www.magix.com/us/movie-edit-pro/ plus $5 Ship
http://www.nchsoftware.com/prism/index.html
http://www.videoredo.com/en/index.htm
http://www.nchsoftware.com/prism/index.html Converter
http://www.daniusoft.com/media-converter-ultimate.html
http://www.deskshare.com/dmc.aspx Digital Media Converter
http://www.any-dvd-ripper.com/any-dvd-ripper-windows.html
http://www.deskshare.com/dvd-ripping-software.aspx
http://www.dvdcopysoftware-reviews.com/dvd-cloner/
http://www.topsoftwareol.com/product/Video/Video_Converter_Standard.html
http://www.erightsoft.com/SUPER.html Multi-Converter <-- supposed to be very good
http://download.cnet.com/FreeStar-Free-Video-Converter/3000-2194_4-10854990.html
http://www.dvddecrypter.org.uk/ or http://www.mrbass.org/dvdrip/
http://www.flaskmpeg.net/download.php Mpeg to AVI Converter
http://www.squared5.com/ MPEG Streamclip Converter
http://www.virtualdub.org/ Mpeg to AVI Converter
http://www.sothinkmedia.com/video-converter/
http://www.videohelp.com/tools/XviD4PSP

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