Gavin Greenwalt
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I have personally scanned nitrate films (some Laurel & Hardy shorts, circa 1933-34) that was actually in fine condition, more than 50 years after it was shot, and it was fine. Are you absolutely certain that an R3D file today will be recoverable, decodable, and viewable in 2062? I'm not so sure. (And I would say that for all digital file formats.)
I have had at least six major, A-level studio features affected by LTO2 crashes and data losses in the last ten years. Granted, most of them have been fine. But just one of those resulted in more than $500,000' worth of work having to be redone. Don't forget the infamous Toy Story 2 data loss story...
Sure the LTO can have a problem but I would point out the Toy Story story was the perfect reason WHY I would go LTO not film. If you have one copy and it gets destroyed (ala Toy Story) what saves the day is having numerous cheap copies. How did Toy Story get saved? It was on someone's laptop. You aren't likely to just find a random extra 3 strip backup somewhere. If you make 300 LTO copies for the price of one optical copy you can hand them out as party favors. That is seriously more resilient than one expensive three strip backup.
And no you shouldn't be using R3D. Transcode to JP2k or equivalent. You won't have any problem what so ever finding LTO decks in 30 years. I could buy Zip Drives by the palette (literally, in unopened boxes) I guarantee one will work in that palette and I guarantee you can get them at a couple bucks a piece. If you're really paranoid you could even fit a small LTO drive (or 20) into the space of 3 film reels along with a cheap netbook. But why bother? It's consumer mass produced hardware. Ask your nerdy uncle if you can borrow his old clanky intel i7 in his attic.
My dad's apartment caught on fire a year or two ago. Lost a bunch of negatives. Digital files? Safe. You can fit a pile of LTO tapes into a safety deposit box. Where are you going to store 3 huge reels? Will it be climate controlled? Can you afford 2 more offsite backups? What's it going to cost to find a good optical scanning service for cheap that isn't owned by MGM and in-house? Your local post house is going to sell their film scanner in a couple years. I've lost 99% of my data to misplacement and accidental deletion and probably 1% to actual hardware failure. The Toy Story incident is the perfect example of redundancy being superior. It's the cockroach principle, you can't kill them all. And if one dies you just copy one and replace it. It's like the moon landing footage. The film wasn't degraded.... it was lost. Luckily they had a cheap copy somewhere else.