I was trying to get Bandicam to record into a format that is recommended for Lightworks Free.
I did find your article about using H.264 for Vegas/Premiere/Lightworks. I am using this now since I cannot get Bandicam to record to MPEG-2 I-frame.
Strangely enough, Lightworks Free does not read MJPEG properly. Or at least I could not get it to work.
I'm glad you got 'something' working at least
That is odd that MJPEG did not seem to work, I was just testing it with Lightworks 12... Hmmm
Looking around in my own system, I haven't installed any Codec Packs or anything since I reinstalled Windows (I sometimes use a codec pack for testing). I do see an MJPEG decoding codec installed, but that looks like Bandicam's MJPEG Decoder that must get installed with Bandicam (it's called "Bandi MJPEG Video Decoder") - odd that Lightworks didn't just invoke that - I suppose I could suggest to try uninstall Bandicam and then reinstall it, that might re-initialize the codec (you could also try restarting to reload everything, but these days "you shouldn't have to restart"). I'm a very novice user with Lightworks specifically, so I'm sorry I don't have many other ideas at the moment for why it may not be working with MJPEG... I'll tinker with it a bit and see what I can find in any hidden Options, Libraries, etc.; but MJPEG really should work with it. Interesting little things going on!
I hope that you can at least edit with H.264 I-frames for now, P