That’s an odd error as I believe the MPEG-2 playback component is installed with FCP, but maybe not with FCP 5. Have you tried using Compressor to convert? If not, try it and make sure Frame Controls are on and the quality settings are set to best.
John
MacPro 8-core 2.8GHz 8 GB RAM OS 10.5.8 QT7.6.4 Kona 3 Dual Cinema 23 ATI Radeon HD 3870, 24″ TV-Logic Monitor, ATTO ExpressSAS R380 RAID Adapter, PDE enclosure with 8-drive 6TB RAID 5
FCS 3 (FCP 7.0.1, Motion 4.0.1, Comp 3.5.1, DVDSP 4.2.2, Color 1.5.1)
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