Hey Shane,
Thanks so much for the simple explanation (as always!). It really helped me crear up some confusion in my head. In addition to that, I called the distribution company and asked them for that spec guide and in that spec guide I found the following explanation which I think other people might find useful:
Below are instructions on how to fix 4:1 Cadence:
1. In FCP, select your sequence then choose FILE > SEND TO > COMPRESSOR. Or you can export your sequence to a video or reference video then open that in Compressor.
2. In Compressor, select your video then right click and choose NEW TARGET WITH SETTING > APPLE > FORMATS > QUICKTIME > APPLE PRORES 422 (HQ).
3. Click on that newly created compression setting to open it in the Inspector window. Click the Encoder tab. Click the Video: (Settings...) button. Make the frame rate 29.97. Check the interlaced box.
4. Click the Frame Controls tab. Set Frame Controls to On. Set Output Fields to Bottom first if SD(720x486) , Upper first if SD(720x480) or HD. Leave Deinterlace on Fast. Leave Adaptive Details checked. Leave Rate Conversion set to Fast. Leave the Set Duration to: on 100% and make sure it’s radio button is selected and NOT the “so source frames play at 29.97 fps” button.
5. Make changes to the Filters or Geometry sections as needed. If you’re outputting SD letterbox, set the Padding to Preserve Source Aspect Ratio. Those settings listed above are the ones critical to getting the proper 3:2 pulldown added.
6. Submit the compression, then bring the resulting video back into Final Cut Pro. Place it in a 29.97 timeline and make sure you watch it on an NTSC monitor to verify that it looks good. If you step through it frame-by-frame you should see the familiar pattern of 2 split/interlaced frames followed by 3 whole frames.
Doesn't sound too hard. I'll give it a try and let you know if I have any problems with it.
Thanks!