have you tried a widescreen LCD monitor?
Because CRT's are rounded, it necessary to overscan to fill up the tube.
The text overlay box your using is probably getting its reference straight from the camera.
basically your monitor is not acctually displaying the entire picture from the camera..
wiki explains better than me..
Modern sets
Today's TV sets can be based on newer fixed-pixel technologies like liquid crystal displays (LCDs), and those with CRTs have much less image drift with crystal-based timing, and so can have perfect image placement. Nevertheless, these sets when used for TV must overscan the image so that older programming will be framed as intended to be viewed. Even high-definition television (HDTV) sets overscan, although implementation of this is inconsistent. It is common to see HDTV sets crop out text and station logos on HDTV programming. In response to different picture ratios, some broadcasters crop, magnify, or stretch the original video, further distorting the image an HDTV set may receive.[3]
YOU NEED A MONITOR CAPABLE OF UNDERSCAN!!!!
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