I am currently working my way through two years of shots, deleting the worst and converting the acceptable shots to jpeg. I am using the DPP software for almost all adjustment, but use photoshop for some tricky pictures. However, I have a question on the noise reduction (NR) application in DPP. I was told that it often paid off to do some NR before converting the RAW pictures to jpeg, since this would make the files smaller. There are two different parameters, luminance and chromatic (?, I am at work now, and cannot remember the exact names). The settings I was recommended were between 5 and 8 on luminance and 1 and 2 on chromatic. I take a look at the pictures at 100% if I am in doubt, especially if I have used high ISO.
I would like to know what experiences other have on noise reduction, and am happy for any recommendations.
By the way, I never delete RAW-files after I have converted them to jpeg. This is probably just nonsense from my twisted brain, but I consider the RAW-files as untouchables, in case I find out that my first post-processing was bad.