[Lee Mueller] "Can you guys take a look at these screen caps and see if you notice anything that would prevent me smart rendering with this render preset?"
Here are the big differences I see:
(1) On the Advanced Video tab, your DC coefficient is set to 11 bit and in my Vegas Pro 11.0 it only goes up to 10 bit and the default is 9 bit.
(2) Your Sampling format is 4:2:2 and the default is 4:2:0 and it's not editable. I have no idea how you changed that.
I would just make a new custom template in Vegas Pro 10 and use that and see if it smart-renders. Understand that smart-render will only work if the source video matches the render format exactly.
~jr
http://www.johnrofrano.com
http://www.vasst.com