For you guys out there who are struggling with getting your footage stabilized this may be useful and very inexpensive.
The following video was shot with nothing more than a GoPro taped to the airframe
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A small piece of 1/8 lead 2x3ins. lead was sandwiched between the camera and the frame with double sided adhesive tape.
The GoPro is not my favorite camera but it's cheap enough so lets go with it. Start by downloading GoPro Cineform and then uploading your rushes. Make sure that you select the exact In and Out points of the parts that you will use. Keep em short. This will help when you come to analyze the clips in Smoothcam. Next download Stream clip and make a set of files in Apple ProRes 422.
I used an old version of FCP 6.06 and created the movie on location over a couple of beers on a pre Intel macbook pro. After you have your masterpieces loaded into a new project you can simply run effects/smoothcam and the analysis will start. Once completed you will need to render the clip. At this stage you can use the sliders to provide the exact amount of stab. that you need.
One of the advantages of having a fixed camera is that it can produce a better viewpoint allowing the subject matter to move in and out of frame naturally.
A word of caution for those hell bent on having the latest and greatest 3 axis whatever. For the untrained photographer with aspirations of becoming a really great aerial cameraman the three axis camera mount with a zoom lens is probably a good recipe for creating every filming mistake known to man.