Please feel free to correct me if I am wrong here (and do check my math!), but this is the solution I have come up with based on a thread from the Apple Discussion Forums:
Producing 2.00:1 “Letterboxed” Matte within Anamorphic 16:9 NTSC DVCAM
16:9 Anamoprhic NTSC DVCAM Video = 720×405 pixels
FCP5 “Crop” Filter:
1% of 405 = 4.05 pixels
720 / 2.00 = 360 pixels (desired height)
405 – 360 = 45 pixels (that need to be cropped off)
45 / 2 = 22.5 (need to be cropped off top and bottom)
1 is to 4.05 as X is to /22.5
X = 22.5 / 4.05
X = 5.55% = amount of % to crop off top and bottom.
– Jordan