Hi,
thanks for asking this question and your own comment. I have the same problem and it is very frustrating since rendering takes very long time when you cannot ‘smart render’.
I followed your instructions to set project properties equal to the media settings.
BUT, my big problem is I cannot find the “match project settings” in de ‘render’ dialog box. Hence, i can still not smart render my project. Can you help me out how to set the render dialog box correctly?