Hi Eveaudio:
If I follow your original question correctly, it sounds like all you're looking to do is crop the image from a HD frame size to a SD frame size. The end result when viewed as SD source will have a zoom in when compared to the original HD picture.
You'll need a Sequence at the SD settings you want to be using. Then, drag and drop your HD source clip into it. If using FCP7, it will ask you if you want to change the Sequence settings to match the clip, choose "No".
Most likely, Final Cut Pro will scale the HD source to fit the SD Sequence. Double-click on the HD clip in the Sequence to open it in the Viewer window, click the Motion tab, and set the scale back to 100. You can also reposition the shot if needed/wanted. Depending on the SD Sequence settings you might notice a change to the Aspect Ratio value under the Distort options. That may be the tricky part in what you're doing depending on your HD footage and your SD Sequence if either or both use non-saquare pixels. You'll also have to keep an eye on what's happening with your Field Dominance. Depending on your source and your Sequence (as well as your intended output), you may need to remove, shift or reverse the fields (depending on which version of FCP that you're using, it may do this for you automatically by applying a Filter).
-Warren