Here’s how I’ve done it. It works very well. Import the file to Compressor. Use an H.264 preset and change it to:
Audio Encoder
16-bit Integer (Little Endian), Stereo (L R), 48.000 kHz
Video Encoder
Format: QT
Width: 720
Height: 480
Pixel aspect ratio: NTSC CCIR 601/DV (16:9)
Crop: None
Padding: None
Frame rate: 29.97
Frame Controls On: It takes time, but this is important.
Retiming: (Best) High quality Motion Compensated
Resize Filter: Statistical Prediction
Deinterlace Filter: Best (Motion Compensated)
Adaptive Details: On
Antialias: 0
Detail Level: 0
Field Output: Same as Source
Codec Type: Apple ProRes 422
Multi-pass: Off, frame reorder: Off
Automatic gamma correction
Progressive
Pixel depth: 24
Spatial quality: 50
Min. Spatial quality: 0
Temporal quality: 0
Min. temporal quality: 0
John
MacPro 8-core 2.8GHz 8 GB RAM OS 10.5.8 QT7.6.4 Kona 3 Dual Cinema 23 ATI Radeon HD 3870, 24″ TV-Logic Monitor, ATTO ExpressSAS R380 RAID Adapter, PDE enclosure with 8-drive 6TB RAID 5
FCS 3 (FCP 7.0.2, Motion 4.0.2, Comp 3.5.2, DVDSP 4.2.2, Color 1.5.2)
Pro Tools HD w SYNC IO & 192 Digital I/O, Yamaha DM1000, Millennia Media HV-3C, Neumann U87, Schoeps Mk41 mics, Genelec Monitors, PrimaLT ISDN