This was how I originally did it. Unfortunately, it ended up doing more harm than good. The BIGGEST problem being: if you realize later, like Zion did, that the settings are bad, you have to recapture the whole thing over. It's extremely difficult to remove the effects of such settings after the fact, without distorting something else in the video.
Now that I have a properly calibrate capture, I have a perfect reference with which to compare (as opposed to starting up the LD player whenever I want a comparison shot.) If I don't like the effect of any filters I've used, I still have a pristine master to work with.
When I get home, I'll show you guys my settings.