"I need to make the copy region free"
Shrink does that by default. One may change this in the "backup" tabs options... you've never seen it?!
"burn it in a PAL format"
Wow. NTSC > PAL transcode?
I wish you luck, man. I have no idea. I'll keep an eye on the thread in case someone gives you a solution.
Not only NTSC and PAL have different resolution (horizontal lines) systems, but they don't have the same number of frames per second... I doubt any non-professional system would offer this transcoding possibility. But who knows, maybe I'm just over-pessimistic.