I don't think the HC-1600 has a v-stretch mode, but I'm not sure. If it does not, and you don't want to spring for an outboard video processor that does and/or an anamorphic lens; then the only way to achieve a "black-bar-less" image with the HC-1600 is to zoom the image so that the bars are outside of the screen frame so that the image completely fills a 2.35 or 2.40 AR screen.
You can answer your own question very easily by zooming your image size so that a 2.35 or 2.40:1 AR image/movie completely fills the height of your desired size 2.35 or 2.40:1 screen.
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