Paul, you can save a basic motion as a “Favourite Motion”. When you have made your basic motion adjustments to the clip in your timeline, park over the clip (or if you have multiple layers, double click the correct clip to load into the viewer ), go to EFFECTS> Make Favourite motion. It will then appear in your Favourites folder with the name of the clip it came from. Rename it and you are away! This is a very good way to set default resizes, ARCs, crops etc.
The favourites folder, as i understand it, is a user based folder. If you trash your preferences you’ll lose them! However, they can be moved, as Shane suggested, into a FCP project and saved off for backup or quick reference eg Pauls Favourites. I highly recommend doing this, having once trashed my preferences and having to try and rebuild them all. You can add your favourites to a Templated Project so other editors using your system/network will have them everytime they start a project. Just pop them in a bin, name them and you’re done.
I hope this helps-
Simon Ryan
P.S Did you work at sky news London during the 90’s
When in doubt, ASK!