1) the OUT segments will start at a lower resolution; they will be color-corrected, scaled and then re-encoded - while making the color and delivery resolution match, this will make the OUT video quality even lower, while retaining the high video quality of the SE, so the two sources will simply mismatch in a different way;
2) the purpose of the exercise is presumably to recreate the OUT as accurately as possible with available materials, but the SE('04) colors are totally inaccurate, so matching them doesn't make sense.
Some forum members who might be of assistance to you: tellan, DarthEditous, ADigitalMan, mverta.