Very good response, thank you Vince.
By ‘squeezing’ I’m assuming that you’re meaning the video has a “squeezed” look and is somewhat distorted? As far as I can tell the image quality is very good after the downscaling from 16:9 to 4:3 with letterbox, which maintains the 16:9 image. (with maximum quality, etc)
As far as taking the HDV timeline and putting it into a DV timeline and leaving the letterbox, would you suggest importing the HDV sequence into the DV timeline or would you suggest importing the individual HDV timeline elements (essentially a copy + paste) into the DV timeline? How would Scale to Frame Size effect each?