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Price.
Using the free tool provided by panasonic, you can transcode to DVCproHD for FREEEEEE!
(https://eww.pavc.panasonic.co.jp/pro-av/support/desk/e/download.htm - About half way down the page)
No, Canopos HQ is also 1440x1080p, just like DVCProHD.
There is also Avids free codec. DNxHD. Full raster, 8 or 10 bit. The lower bit rate verison of the codec are superb. I generally use the mainconcept DVCProHD transcoder for most things. If I am doing FX, color graidng and or HD out then I use DNxHD.
I convert HMC150 files to Canopus HQ with the AVCHD converter app and they are still 1920x1080. Barry Green confirmed this in another thread as well. I think the whitepaper specs for the codec are just out of date.
Still wondering why procoder 3 gives you no 1920x1080 option.
Probably because Procoder hasn't been updated in forever. There aren't even any official Blu-Ray presets. There are some user-created ones on the GV forums though.
DVCPRO HD uses smaller raster size than broadcast high definition television: 960x720 pixels for 720p, 1280x1080 for 1080/59.94i and 1440x1080 for 1080/50i. Similar horizontal downsampling compression is similar to many other HD formats. To maintain compatibility with HDSDI, DVCPRO100 equipment upsamples video during playback.