Well i've decided to make a lomac movie purely for something to do, although when i record a track and then play it back i cant change the views or look around. the whole reason i recorded it first is so i dont have to dogfight with FRAPS running and changing to outside views all the time.
use ctrl+R to record the mission into a track file, and then select the .trk and launch it with ctrl+E to edit the views. Save the track under a different name. You can then use the avi tool or fraps to export from LOMAC.
