Glad to know you found a solution for your needs.
As for my approach with video, I am using 7MC as my recording source still... and if I need to, I will convert those to DVR-MS files. The main difference for me, is that through DTB 126.96.36.199 or any recent version, you can use DTBVideoEditor to plot in your timecodes for .dvr-ms files. Then afterwards, you can use the .edl file and DTB to remove them, and create a new .dvr-ms file; the advantage of this is, until I learn of new ways to play, edit, etc., the CC is guaranteed to appear!
Now my questions for you are something of the sort:
1. What does your program VAP stand for and cost?
2. (because I've had a history with SUPER for a while, and it's a very powerful converter for free...) I've discovered (even if it's nothing new to most readers) that through the FFMPEG encoder engine in SUPER, you can now convert a file to .mpg format output, while specifying the H.264/AVCHD video codec, along with AC-3 multichannel audio. This is a match for me, instead of .ts or .mp4 or .mkv, 'cause of it's high-quality picture (f.e. even at ~4 MBps bitrate) and it keeps the CC data in the file somewhere for when I need it.
If I am allowed to, I will give all of you some links to the things I use in the process... (most of it is freeware, but well-worth it... and if you need a shareware or paid application for any reason, that's listed at the bottom of the list.)
I would be curious about something if you know an answer to this question: what video-editing applications (regardless of license cost in the end, but freeware/open-source is preferred) can I download/purchase to make basic cuts to my video wo the need to re-encode?
Also, what video-editing application supports keeping the CC/Subtitles data?
Last, do you know what the setting is for fixing cc/subtitle sync issues - from appearing to fast at times?
Here's your list of tools from me:
DTB (ofcourse at this site),
DivX-Land Media Subtitler: www.divx-land.org.
Start checking those out, and think about if you even need something to purchase... if you do afterwards, check out the VideoStudioPro products: www.corel.com.
And for my example program of cuts without re-encoding, check some screenshots of Free Video Dub (or similar titled program) at www.download.com. Right now, though, I would love to hear about a program with similar features to Free Video Dub, that doesn't crash after each load...
as my file format extension, thanks to Super, is an .mpg file with AVC/H.264 video codecs (around the same bitrate ranges I've mentioned) and AC-3 (5.1 Dolby Surround Sound) audio. Thanks for the reply and reading this.
Good luck, G.