Thanks again, Mark.
I discovered that the EX1 does SloMo in similar fashion to the HVX200 in 720p 25N mode. Very economical on card space but not what I want really.
I want to shoot at 50 fps and decide in post whether the footage will be slow or at normal speed.
Reading Patrick Sheffield's post here:
http://discussions.apple.com/thread.jspa?messageID=1063963
reveals the following solution:
+After you create the 50fps clip, load it into QuickTime player. Select Export..., choose Image Sequence, I selected TGA with color depth set to Millions (save to an empty directory - not your desktop). Then select Open Image Sequence..., point it at the first file in your image sequence directory, then it'll ask you what the frame rate is - tell it 25. Violá! you have twice as many frames as before, now running at 25 FPS. Save or export your sequence and bring that into FCP...+
This works a treat, but it would be simpler if Cinema Tools would conform the clip in the first place.