I installed that and it does not give me remotely as many options as I have in NTSC.
I even downloaded the newest codec pack from AJA.
I only get the following component codecs:
PAL Uncompressed 10bit
PAL Uncompressed 8 bit
Component to DV Pal
Component to Offline NTSC (very strange, because it must convert the video stream to NTSC)
There is no component pal to offline PAL (photo jpeg) option