Adobe Premiere Pro CC v.7.xx - Manual (Page 333)

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Note:
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above the clip, Premiere Pro probably can not play it back in real time without rendering.
A clip with a frame rate different from the frame rate of the sequence will play back from a sequence at the frame rate of the sequence.
Replace one clip with another in a Timeline
You can replace one clip in a Timeline panel with another from the Source Monitor or a bin, retaining any effects that were applied to the original
clip in a Timeline.
Using one of the following keyboard modifiers, drag a clip from the Project panel or Source Monitor onto a clip in a Timeline panel:
To use the In point of the new clip, Alt-drag (Windows) or Option-drag (Mac OS). You may use the In point of the new clip, for example, if
you have already trimmed it to start at the desired point of the action.
To apply the In point of the original clip to the new clip, Shift-Alt-drag (Windows) or Shift-Option-drag (Mac OS). You may apply the In point
of the original clip to the new clip, for example, if the new clip was shot synchronously with the original clip using another camera. In this
case, applying the In point from the original clip will start the new clip from the same point in the action.
In a Timeline, clip position and effects are preserved, and any effects that were applied to the original clip are applied to the replacement clip.
You can also replace a clip in a Timeline by selecting it, selecting a replacement clip in a bin or the Source Monitor, and then selecting Clip >
Replace With Clip > [replacement type].
Here is a tutorial on using Match Frame with "Replace with Clip" by Clay Asbury.
Replace the source footage for a clip
You can replace the source footage for any clip in the Project panel. Replacing the source footage for a clip links it to a new source file. All
instances of the clip and its subclips are retained in the Project panel and Timeline, with their In and Out points, and any applied effects, intact.
However, the clip becomes linked to the replacement footage instead of its original footage. You can easily replace, for example, placeholder
footage with final footage, or footage with a soundtrack in one language with identical footage with a different-language soundtrack, and keep all
the same edits that were made with the original footage.
1. In the Project panel, select the clip for which you want new source footage.
2. Select Clip > Replace Footage.
3. In the Replace Footage For dialog box, browse to the file containing the replacement footage.
4. To rename the clip with the replacement footage filename, check Rename Clip To Filename.
5. Click Select.
You cannot use the Edit > Undo command to undo a footage replacement. However, you can use the Clip > Replace Footage command
again to relink a clip to its original source file.
For more information about Replacing Source Footage, see this video from Learn By Video and Video2Brain by Maxim Jago.
Set or remove sequence In and Out points
You can use In and Out points in a sequence to help you place and rearrange clips.
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