Stan,
Thank you very much for your response. I have installed MediaInfo and the following is the result of the file analysis. If you can please point me to transcode spec requirements, I will compare these results.
Thanks
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MediaInfo output
General
Complete name : C:\Work\8mm home movies\rejig 1 thru 3\vts_01_1_thru_3_rejig.m2v
Format : MPEG Video
Format version : Version 2
File size : 2.21 GiB
Duration : 1h 13mn
Overall bit rate mode : Variable
Overall bit rate : 4 310 Kbps
Video
Format : MPEG Video
Format version : Version 2
Format profile : Main@Main
Format settings, BVOP : Yes
Format settings, Matrix : Custom
Format settings, GOP : M=3, N=15
Duration : 1h 13mn
Bit rate mode : Variable
Bit rate : 4 310 Kbps
Maximum bit rate : 9 555 Kbps
Width : 704 pixels
Height : 480 pixels
Display aspect ratio : 4:3
Frame rate : 29.970 fps
Standard : NTSC
Color space : YUV
Chroma subsampling : 4:2:0
Bit depth : 8 bits
Scan type : Interlaced
Scan order : Top Field First
Compression mode : Lossy
Bits/(Pixel*Frame) : 0.426
Time code of first frame : 00:00:00:00
Stream size : 2.21 GiB (100%)
Color primaries : BT.601 NTSC
Transfer characteristics : BT.601
Matrix coefficients : BT.601