David
If you shot it 16×9 Squeezed AKA anamorphic, it got recorded on the tape squeezed into the 4×3 aspect ratio. Played back on a 4×3 video monitor it would look squeezed (affectionatly referred to as skinny-vision)
If you place the material on a 16×9 Sequence it will play with black bars on the side. You can “distort” the footage by 33 (doesnt have to be 33.33) and it will look correct. You can also set the Anamorphic flag on the clips, so when you drop them into your anamorphic sequence they will automatically resize to 16×9 and look correct
Are you reducing quality? I would say no, you are merely reshaping the pixels. becuase that camera only records 720 x 480, the image will always be 720 pixels across, whether they are 4×3 Aspect Ratio or 16×9 aspect ratio.
Hope this helps
“I like video because its so fast!”
Bob Flood
Greer & Associates, Inc.