That is kind of what I thought with regards to termination. But the only confusing issue is that if I take an SDI signal from the AJA in to a Digi-Beta and then take a composite signal out of the Digi to the same monitor I see no problem with the image.
Therefore the composite signal from the AJA is different than from the Digi. I’ve tried all firmwares and drivers with no improvement.
I can only conclude that my AJA is malfunctioning.