I have tried editing raw files in Lightroom, Photoshop and Phocus. There is no question in my mind that Phocus produces the best raw conversion but Lightroom is the best "library"manager.
I import all the files into Lightroom from the cards
Do a selection in Lightroom
Export those files in their native format to a folder on my desk top
import them into Phocus
Do any adjustments
Export the keepers as 16 bit TIFFs (sorry Nick)
Re-import them to Lightroom.
In order to keep track of what is happening I keep the original file name/number so that I can keep the raw file with the TIFF in my Lightroom library. The rejects are binned and the not-sures are archived with a copy of the keepers in raw and TIFF format.
Finally I do a selection on the TIFFs and export them with a job name in both TIFF and JPEG format for the client.
Sounds complicated I know but it works for me.
