Exporting to multiple formats these days we usually have to export our videos to multiple delivery formats - HD  variants for projection, and we tend to have different settings for vimeo, youtube, and the other versions we might need them.

To handle this i've tended to export a MASSIVE lossless version of my video from my editor (Premiere or FCX usually, but sometimes aftereffects for small projects) and then reduce it using preset profiles in Compressor on OSX.

I mentioned this to a in-industry-yet less-techy friend and he said this isn't usually the way, but couldn't articulate why, but it roused my interest.
For me a locked lossless export as the "master" then from the master you do your specific formats makes workflow sense.  It also means you have the same process regardless of your editor, and don't have to worry about editors not supporting some formats.

So i'm curious what people think of the 2 choices - pro/con/opionions.  Do we use our editor to handle multiple delivery formats, or export a single master and then handle specific formats from there?
With Adobe you can render most things through Adobe Media Encoder. AME has the ability to render one project file as different formats and you can actually create somewhat of a list and it will treat it as a queue.