I believe part of the solution your are looking for is in NSImage's representations. You can add many representations to an image with addRepresentation: I believe there is some intelligent selection done when drawing. In your case, I think you would need to add both representations (the scaled-down and the full resolution bitmap) to NSImage. I strongly suspect drawRect: should pick the low resolution version. I would make sure "scale up or down" is selected in NSImageView, because the default is scale down only, which may force your full resolution image to be used most of the time. There are some discussion in Apple's documentation regarding "matching" under "Setting the Image Representation Selection Criteria" in NSImage, although at first sight this may not be sufficient.
Then, whenever you need to do something with the full image, you would request the full resolution image by going through the representations ([NSImage representations] returns an array of NSImageRep).