This is really awesome! Can't wait to see it! I am curious about using a video camera to do the captures. Can you try using a flat bed scanner on some of the frames and do a side by side comparison? I am curious how they will compare in terms of quality, and I always wondered about using a scanner to do something like this, but I don't have a 16 mm film to try it with. I know it would take forever especially when you have to crop and line up each frame, but in theory it could be done. I would just scan 48 frames at a time into one picture and then crop them into 48 individual numbered frames (fits on my A4 scanner), then insert them into a movie. It would take 3600 scans for 120 minutes of film. Also to do it quicker, only the frames that aren't available in HD already would be needed to get the OT back. Anyway, sorry for the side track and I can't wait to see the final product!
Mike