Originally posted by newmikey You already have PEF's so it makes more sense to store them as they are, knowing you will always be able to convert them to another format such as DNG if and when that would ever be required. There can only be one answer: you store raws in the exact format they came out of your camera, whether that is DNG or PEF.
This is a wholly different question than the one about what the better raw format to use would be: proprietary or DNG.
I agree with this assessment, but would add another layer of "protection". Put a copy of the latest Adobe DNG converter program on your external drive along with the image files. That way, if in some distant future, PEF files were no longer supported with then current PP software offerings, you could still convert to DNG which would be more likely to have support. I would not go to the trouble and time involved to convert them now..