The Lite-On 5005 can record in PAL or NTSC, however in order to do the recording, you will need to have a suitable TV that supports both formats before you do the recording. The Lite-On will play both types of DVDs as either standard, for example play a PAL DVD with the output set to NTSC.
To set up your DVD recorder to record a PAL video source as a PAL DVD, first connect your DVD recorder up to a multistandard TV that supports PAL & NTSC. Most TV tuners support both standards also. Next, set your Lite-On DVD recorder to PAL mode. Pop in a blank DVD and let it initialise it. As the DVD recorder is set to PAL mode, this disc will be prepared as a PAL DVD. Now, hook up your PAL VHS (compatible) Video Recorder to your Lite-On and start the recording. Once complete, finalise your DVD and then set your DVD player back to NTSC mode.
Note that NTSC and PAL have nothing to do with the regioning on a DVD. In fact, it is technically possible to have a region 2 (or higher number) NTSC DVD or a Region 1 PAL DVD. DVDs recorded in standalone DVD players have no regionining can be played in any DVD player that is compatible with the recording TV standard.