You almost answered your own question
If you do not check off "ignore saved views" then what you are seeing is exactly what you did during that flight..if you viewed outside, panned, etc.
What you should do, once you load the film, is Ignore the Saved views and then figure out what parts of the flight you want to captue and make into an AVI
Aces High lacks a neat "flyby" view (which I would LOVE). I've been doing a lot of panning and zooming...althought my PC beeps and chirps like mad through the entire zoom/pan process