Is there a way for anyone to make a 2 channel image in Photoshop that will either have no background or with a clipping path?
What is happening when I try that now is that the image will only place into InDesign one channel at a time with a path.
Also note the spot channels will have a multiply effect over elements placed in InDesign. If you need the spot channels to knock out, instead of overprint or multiply, you will then need to create a white knock out area made in the CMYK channels. And this can be done by selecting each spot channel, and then filling with white in the CMYK channels.
I found that even with the overprint preview on and High Quality display on the .psd files displayed as grey boxes in Indesign. If I save the file as a pdf it displays correctly.