I’d like to use FotoMagico Pro to pan and zoom a single image while playing an audio track and export it to a movie format that makes a very small file but good looking video; the file size should be the sum of the audio track, the image, and a few K of script. Later MPEG derived video formats have the ability to play image+activity+audio streams without forcing them to create a new frame by frame video. Final Cut doesn’t seem to do this; does FotoMagico Pro?
No. FotoMagico exports the slideshows always on a frame-by-frame bases.