Essentially, my workflow is that of a complete madman on the verge of making a scientific breakthrough years ahead of his time... aka Nikola Tesla. jk
Honestly, when I edit my films (specifically effects and such) I tend to use photoshop (or the free alternative, GIMP). It allows me to edit frame by frame, and, being a perfectionist, it makes little things such as lighting and gunshots much easier to edit... also, editing frame by frame is necessary for creating lightsabers, and, as I practically started out making some Star Wars brickfilms - that's how I've always edited.
I export, usually, as HUGE .png files. (I'm not talking gigabytes a frame, but, you definitely could go that far, if you had enough of a hard drive to back it all up.) Sure, they're not quite as, um, "impressive" as RAW files, but, as of the present moment, and my somewhat inexperience with working with RAW files before August of this year, I do not know of any other methods of doing such things with what I have... yet.
When I edit, I use Sony Vegas... Movie Studio. Yes, I use a program that has a limit on screen size for finalizing video. I plan on purchasing a version of Sony Vegas Pro sometime soon - but, either way, it really shows how RAW is practically necessary for someone even like me.
The finalized "edited frames" and even final film will be greatly compressed. So, since I'm so restricted, I really have the want to expand and film in RAW, even if it's compressed to 1920x1080 or even 630x360 in the end. - Also, filming in RAW (or a larger ratio than the final product) is always something I'd suggest, as, one of my old recorders, some pixels went out, and, since it was the same size as the final film, those "blank spots" over a character's eye or covering a background were always noticeable. Shooting in RAW, with ruined pixels, is nearly un-noticeable, especially after compressing the heck out of the footage for the final product. (Which, funny enough, is still high - Blu-Ray quality)
I'm still in the process of learning too, epikfilmz11. I hope we'll both learn a thing or two coming out of this all. I love the look of RAW, and, if I had access to IMAX film, would shoot just about anything on that as well. In my experience, I'd love to have too much on my hands, because, then I could compress it down along the way to whatever I really need.
That's why I'd suggest shooting in RAW - You could compress a lot or keep everything as uncompressed as possible, your choice. When you save in .jpg, you can't really go back unless you want to film all over again.