Sorry for the english. Just put your first angle on video track 1 and the second on video track 2, click your second angle clip, and in the effects control into motion adjust the scale and position of your clip. About the playback in After effects. It's a program for compositing not edit, if you want to preview something hit zero on the keyboard for a ram preview, then you will get smooth playback for previewing your work. If you are editing HD video in premiere you will need good hardware, also it's important that you have your drivers up to date, specially for your graphics card
You're asking some pretty basic questions. Can I suggest that you first do a bit of reading up so that you have, at the very least, grasped the rudiments of the applications you intend to use.
Speedgrade: After Effects? Walk before you run, perhaps!
Whilst contributors to these fora are only too willing to help with genuine difficulties or queries, they're not talking user manuals :-)
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Here are some Tutorials
A "crash course" http://forums.adobe.com/thread/761834
A Video Primer for Premiere http://forums.adobe.com/thread/498251
Premiere Tutorial http://forums.adobe.com/thread/424009
-and more from Kevin http://forums.adobe.com/message/4714153
Premiere Pro Wiki http://premierepro.wikia.com/wiki/Main_Page
Tutorial HD to SD w/CS4 http://bellunevideo.com/tutorials/CS4_HD2SD/CS4_HD2SD.html
Color correction http://forums.adobe.com/thread/892861
After Effects Tutorials http://www.videocopilot.net/
Surround Sound http://forums.adobe.com/thread/517372
Photo Scaling for Video http://forums.adobe.com/thread/450798
-Too Large May = Crash http://forums.adobe.com/thread/879967
-And another crash report http://forums.adobe.com/thread/973935
Encore Tutorial http://www.precomposed.com/blog/2009/05/encore-tutorial/
And more Encore http://library.creativecow.net/articles/devis_andrew/
Regions and NTSC vs PAL http://forums.adobe.com/thread/951042
-and Regions http://forums.adobe.com/thread/895223
I want to have the 2nd angle recording put in the video so it shows the main video then the 2nd in a little box in the top corner, how can i do this?
This is referred to as a PiP (Picture in Picture). It is easy to do. Just place your Clips, Camera 2 and Camera 1 on separate Video Tracks. Place Camera 2 on one lower, than you place Camera 1, say Camera 2 on Video Track 1, and Camera 1 on Video Track 2. At that point, Camera 1's Clip will cover the Clip on Camera 2. Now, with the Camera 1 Clip Selected, go to Effects Control Panel (not the Effects Panel), and find Motion, one of the Fixed Effects. Twirl that open, to reveal Scale and Position. We'll use those next. I would first adjust Scale, to resize that Clip, and then Position, to move it to where you want it. Done.
I often use alignment grids for PiP positioning, but with but one PiP, not sure that you would need such. Still, see this article for Alignment Grids: http://forums.adobe.com/thread/476984?tstart=0
For your Audio, instead of a heavily-compressed MP3, I would Export it as PCM/WAV @ 48KHz 16-bit, for Import into PrPro. The Audio will be better, and Conforming will be quicker.
For the rest, I strongly suggest reading on those programs. Adobe has lots of good tutorials on Adobe TV too. Their use, and there power, fill books. There is also a very good and active forum just for After Effects, with a lot of seasoned professionals, who can help you, if you get lost. As Jon states, reading everything in the Help files, about those programs, is a very good start.
Thank you all, much appreciated
You are most welcome.