“…Video Level Coding to 0 – 255 instead of 16 – 235….”
I was referring to a Preference > Video System in Color Finesse. You show it in your second image.
I still can’t find for certain any reference about this, but it makes sense that 16-235 would change whatever video that is handled by Finesse.
Additional – the color bars generated inside of FCP are only absolutely accurate inside FCP (assuming that they are generated correctly.) So the idea is that “whatever was created on this system looked good with everything set to those color bars.” When you move the material out of FCP, you would then adjust whatever environment you were in so that the bars are correct.
The sequence of the seven color bars was chosen so that it runs through all seven possible combinations that use at least one of the three basic color components of green, red, and blue, with blue cycling on and off between every bar, red cycling on and off every two bars, and green on for the leftmost four bars and off for the rightmost three. The R, G, and B here are defined as completely saturated (from an NTSC standpoint.) I’m not sure you could ever save the image as any sort of compressed file, for instance, a jpeg, and have it be absolutely accurate when displayed.
BTW – It has been said that NTSC stands for Never Twice the Same Color by those of us who worked with it in analog form on a regular basis.
JIM