So, nobody out there is using the Theora on Object stuff?
Theora had some issues in the past; and I recently needed to fix the looping as well. Therefore, I was cautious to use it in DeadlyMatter. There's always the image sequence function, which I think is a bit more safe to use imo (but displaying a movie could be too much for that method, I'll agree)
What do you mean by UV wrap in place? Something specific that needs to be done to the DAE model?
While working in max solely I'm not that all familiar with Blender. In a lot of cases it's good to UV unwrap your model, especially when having issues of the maps not properly positioned. However, I don't know if that's the case with your model; you'll have to try it out to know I guess.