I like to import my Motion project files into FCP. If they are to big and take forever to render then I export them out as a Quicktime Animation video. I never use Compressor to get clips out of Motion. Compressor is great for the final destination of the whole video. At least that is how I see it, I’m sure others will have different opinions.
If you are looking for a good setting for text and logos HDV or DV are not the best. I usually go with the “DVCPRO HD 1080i60” preset. But that also happens to be the format that we usually shot at work. Hope this helps and best of luck.
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