Glad we cleared up the confusion
Yes, initially I was hoping for a solution where the RAW files were stored on an external drive and simultaneously allowing me the same workflow, but as the discussion went on and I learnt more I came to the understanding that
I would need to have everything on the same drive (videos, PDF files and so on) for this, so the solution changed. Sorry about the confusion.
I have no plans to permanently delete all my RAW files (and nobody reading should ever consider this either -especially in this time and age of cheap mass-storage drives), but for my internal drive I want to delete them (after converting them) to save disk space (ironically not because of cost issues but because the large drives I have attached internally are too noisy for my liking!). I did at one stage, years ago, look into converting them to DNG files, but voted against it -probably for the same reasons you state. I can't remember the details. The only change I've made to them are their filenames for better organizing.
If you want to replace your raw files with JPEGs and then delete the raw files, why not just create lossy-compressed DNG files to replace your raws? They are better than JPEGs for further editing and take up about as much room. You can do it in one fell swoop, too.
I took a closer look at this with a test library I just set up. I found out that with a couple of test RAW files (Canon .CR2) at around 27 and 30 MB I only got a saving of around 1MB when converting to DNG while converting them to JPG (75% quality) I got a 90% saving in filesize!
(
EDIT: having re-read your reply I believe you suggested the above in light of permanently deleting my RAW files after converting them to JPGs, but fortunately that isn't the case -I just want to delete them from the internal drive. All my RAWs will still be safely stored on an external drive and an additional backup).
I'll be keeping the original RAW files on an external drive using the exact same structure as with the internal drive so I don't think there's much reason to convert to DNG in my opinion and JPG will suffice for browsing and viewing photos on the computer's screen (I opted for full size at 75% quality -please comment on this if I should consider other numbers).
So the next step is how to convert all the RAW files to JPG without too much manual interaction (we're talking thousands of RAW files) and without risking losing files or conversion issues. I searched for help and came across an article entitled
How To Convert RAW To JPEG In Lightroom (Complete Guide) where I discovered that there's actually an option for saving the converted file within the same folder as the source, or even a sub-folder of the source's folder. This'll save me a LOT of time.
Having done the above (selected the RAW files, then Exported with the above settings with/without putting them in a sub-folder) I would probably just need to locate all the selected RAW files again in order to delete them, then right-click on the highest-hierarchy folder of my library and select "Synchronize folder" in order to add the new (JPG) photos and remove the RAW files from the library.
However, I still don't get an "error checking" option where I get to ensure that all the selected RAW files have had a JPG copy made of them and put in the right folders/sub-folders. Ideas anyone?