I posted a topic about how AVI exports using various codecs did not work properly. The frame rate was changed; there were duplicate frames added; and the export did not line up with the selected points.
As a workaround I have found that raw AVI with no encoding seems to work properly, but... There was a funny thing that happened. I have been exporting 2 minutes at a time on specific minutes such as 27:00:00. However in one case MEP would not let me set that location. It only allowed 27:00:01 or 26:59:23. This is probably correct because untelecined NTSC is really 23.976 fps. I closed MEP, shutdown the computer and next day it would allow 27:00:00 ?????????????????? I export the video to fix problems using Adobe Photoshop extended. None of the consumer software has both multi track video editing and frame by frame editing combined. By frame by frame I would include all the features of a photo editor including cloning from one frame to another.
As far as I know there has been no update to MEP to fix the codec problem.. I must conclude that the frame calculation is not very exact. It should be ok when you have an exact frame rate such as 24, 25, 16... But the NTSC standard of 29.97 for TV/DVD and 23.976 for movies apparently is not handled correctly. If they used 64bit integer arithmetic it would be repeatable. There may be some other number which changes and affects the calculation. After all it is simple that the frame numbe x frame rate should give the time in s, which is easily converted to the final quoted time. Of course it could be a problem in calculating the quoted time from the number of s.
The actual range of export is a bit bothersome. Apparently they specify the location of the cursor as the middle of the frame, but give the location as the beginning of the frame. The brakets [] include both the frames you see at the location of the brakets. Other programs such as VirtualDub have the first bracket include the frame and the last braket exclude the shown frame. I find the latter usage more reasonable, but the MEP method is usable.
I posted a support request about the problems with various codecs. They were able to confirm my observations, but apparently have not come up with a fix.