@ tfmeier

Either option has 'Pros' and 'Cons' but neither will give you exactly what you are hoping for at this point in time.
The "Master" transition is not configurable for either (at least to the best of my knowledge, how are you able to get 'nice' transitions with the "Playlist" feature, mine only "cuts" to next video unless you set-up a transition of choice for each input?).
The "Triggers" feature does not work with the "List" input (my guess is that, like a "Camera" input, there is no end point to demark an "On Completion" action, even though the videos themselves have end points, the "Input" itself has none). Perhaps a feature request can be made to change this although I do not know how possible it is.
The "PlayList" feature does allow for the "Triggers" feature to work for each individual video since that is how it works (automating the switching selection of available inputs) but each "Input" needs to have it's own Trigger set up and that can take a while to do and possibly get you into trouble and/or off "Automation" if not done properly
Personally, I like the "List" input for 'automation' as I am more familiar with it and can "edit" on the fly a little quicker for selecting the next video(s) to play but the "PlayList" might give you more versatility once you become familiar with it's interface and have the time to set-up individual "Triggers" and/or desired transitions for each input.


Ice

@ tfmeier

If different "Transitions" are a 'must' for you, then yes, the "PlayList" feature is the best option for you, although it will require a considerable amount of time to set-up as you will have to add each video as an "Input" and then set-up your playlist and transitions accordingly.
The other thing to keep in mind with the "PlayList" is that modifications to "Transitions", additions or deletions cannot be made while it is active, so whatever "on-the-fly" changes you need to make of that nature will require you to stop and start the "PlayList" accordingly (but that shouldn't really come up if you've 'pre-programmed' all your videos and "Transitions" during set-up). Moving selections up or down the list is about all you can do while active.
That is one of the advantages of the "List" input, you can easily add a whole folder of videos to the list and "edit on the fly" if need be, however, you only have the default cut "Transition" between videos.
Having multiple "List" inputs could be advantageous, but for other reasons, 'Jockeying' back and forth between them is not really practical for every video and kind of defeats the purpose of "Automation".
In the end, it's your call as to what suits your needs best, but I would experiment with both options and set-up a couple of trial runs to get a feel for potential issues with either option.
You may end up with combination of both to cover all your bases...


Ice