No, I imported with Log & Transfer and then dropped a clip into the Timeline. My sequence settings are set for:
Frame Size = 1920×1080
Aspect Ratio = HDTV 1080i (16:9)
Pixel Aspect Ratio = Square
29.97 FPS
Compressor is Apple ProRes422
Those are what FCP set it to after dropping the clip in. I’ve also checked the motion tab to make sure the scale is at 100% which it is. I had hoped it was just as simple as that lol.