Kent,
That is the correct workflow, in the Inspector you have a field dominance setting, you should chose upper, but I think Compressor will do that automatically. Get to know the inspector, it is very powerful.
No benifit to setting FCP to none, on the contrary, it can reduce resolution. Don’t know why you would need any filters in Compressor, if you got the look you wanted in FCP.
Have a wonderful day.