Remember obi-wan said "there are always alternatives....."
what would be to stop you putting this 360p footage into a cockpit to make up the remainder of the picture or even as bingowings suggeested on a video screen.... The footage is all POV anyway so I cannot think of any other use for it other than a POV cockpit sequence or out of a window.
I'm not pushing hard for it's inclusion but let's face it, there is not much else out there that could lighten the workload so don't discount it just yet....
Don't get too wrapped up in HD 1080p most people on the planet do not have the capability of even seeing anything at that resolution so infact you are narrowing your audience by choosing that option go figure....
Edit: although there is only so much you can also polish a turd