Sadly I believe Apple has completely overlooked supporting the 2.7k option. I called AppleCare and they confirmed 2.7k is not currently an export option in iMovie. Who knows if they will ever incorporate it. SMH.
I just bought a Phantom 3 Advanced and am having the same issue. When selecting the set home point button I receive a message stating "home point not set!". Did you ever figure out how to fix this?
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