If they look correct in your HD video aspect wise, then, when you compress for DVD-SD (720×480) MPEG2, they will look correct then too.
Mpeg4 is NOT DVD compliant BTW.
You can only output thru the FW what mode you are shooting.
So, you have to shoot in the mode the Streaming software will except.
You’re not in VFR mode are you?
Your not alone in this. This seems to be one of APP downfalls.
I too have not had proper playback – SDI out to HD monitor with Production Bundle 5.5. BMD.
Let’s hope with V.6 Adobe gets their act together…