I was going to PM you on this but neither your email or personal message capabilities are activated. You might consider turning one or both of these "on" when you ask advice so that people can contact you without necessarily taking up "forum" room. As it is now, everyone will have to read my recommendation and roll their eyes, but here goes . . . .
I would strongly recommend you look at TealMovie. Far more choices (on an easy graphical layout) for encoding options to save room on an external card with finished result.
Encode rates up to 60 fps and excellent quality, competitively priced with MM Player and Kinoma -- bettern than MM Player, more options than Kinoma. I have asked Tealpoint to give "a little extra TLC to PDA Street members should they need support after purchasing (in light of recent software fiascos from other companies - check the threads);" just mention
"paulteal"
if and when you place an order with them. I have asked them to "weigh in" on some of these forum issues, especially movie encoding, but have a feeling they don't want to give the impression of "spamming," and they're awfully busy with revamping a couple of apps (TealPhone) and developing other new apps as well so may not have time. Maybe in the future.
I've played around extensively with TealMovie and the new version is really impressive; Kinoma 2.2 is good and gives a few options but I think T/M is worth the extra 2-3 minutes at time of encoding to get a better finished result. The AUDIO portion is fantastic and files can be made quite small.