In Log and Capture mode can you see your footage? If so try capture now and pressing play at the beginning of the footage and stop it when you’ve fully caught your clips. I’ve also had cameras that wouldn’t recognize in FCP but could capture in Imovie.
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The 2 clips should be at a fairly high quality when you export them, though since it looks like you are doing this for HD you should go ahead and do it as HD.
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You may have to reinstall Photoshop. It may be possible that you accidentally deleted something vital. I had to reinstall my home copy after my wife thought she was deleting a project.
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Try rendering it as NTSC 29.97 525 Apple Prores in your timeline, then exporting it with H264 compression and see if that helps in compressor. I’ve done a few HD to SD Conversions and that seems to work for me.
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