Just went through the complete production workflow on this, and have tested a few post workflows.
Vegas will import a 2-ch. bwf that has been renamed to .wav via file | import | bwf. It will place it on the timeline at the initial timestamp of the file. The initial timestamp will also be visible in media properties.
Two open source/freeware utilities will help – fostex has a splitter utility that will take a 4-ch. recording down to 1-ch. bwfs with .wav extensions. You’d import these to vegas as above, timecode info is still present. Download it here.
Vegas will not allow opening a bwf or wav over the arbitrary 2GB limit, but Audacity will. Also, you can drag and drop a full 4-ch. 744 bwf onto audacity and it will open. However, Audacity does not expose the timecode stamp, and also saves only to a straight .wav, but is handy for auditioning and utility work.
Now we come to video – there is a pref to view event timecode right on clip thumbnails on the timeline. You might establish rough sync by importing a bwf and then dropping a video clip using reference timecode from the beginning of the bwf.
All this gets you close – in my humble opinion you must have reference audio from the camcorder as well. Then, turn off quantize to frames and slip the 744 audio until you have perfect sync. And then don’t forget to turn quantize back on before cutting video.
Now group the 744 audio with the video clip and move it where you want. Good idea to enable the 2GB recording limit on the 744 as well.
BTW, I did time-of-day timecode on the 744 and a couple Sony Z1s.