Working with the Media100 codec in FCP 5 HD?

I got 20 mins of digibeta source and I want to edit that in FCP.
I don't have any capture card but I do got a friend who got a media100 system with SDI-in and the Media100's lossless codec.
Can I capture on his system, export out as a standalone file.
Then install the Media100 software codec on my machine and edit in FCP?
I've encoded MPEG2's and stuff before with source that was captured from Media100, but will it work to edit it like that in FCP aswell?
If I'm not mistaken the bitrate is around 7MB/sec using the media100 codec compared to transcoding into some other not-so-destructive-one.

Kristoffer:
One the reasons I responded as I did is because I had three Media 100 systems over the years that concluded with a Media100 XS system.
One clear deficiency was the lack of any software codec, and then the lack of an OS X version of it.
When FCP started gaining popularity, people tried all sorts of hacks to get it to work with the hardware. It just didn't.
Then the company went south financially, went to Optibase, and then Boris bought it from Optibase.
If the software m100 codec allows you to open the exported movie files in the QT Pro player, you have option to export it to any codec consistent with your sequence settings.
Or it would be possible to set up a custom preset within FCP to match the clips attributes of the raw clips
Hope this helps. BTW, sometimes I really don't know what I'm talking about
and take care
david

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