In Reclock properties (the window that appears clicking the Reclock icon):
- "PAL Speeddown" is the first "PAL SpeedDown (force to 24fps)" checkbox in Media adaptation. It is useful to play movies on a 24Hz capable display (it's not your case) slowing down them to 24fps (generally their native speed) and at the same time preventint chipmunk voices.
- "PAL pitch correction" (name proposed by Jong) is the second "PAL SpeedDown" checkbox in Sound adaptation. It is useful to play PAL movies or 23.976/24fps movies on a 50Hz only capable display, preventing chipmunk voices. It only does pitch correction, without slowing down (hence the name by Jong). It uses timestretching, corrupting the sound.
It is the same situation as mine. I use Reclock to resample 23/24fps to 50Hz and don't use any of the two SpeedDown options. Of course, movies are accelerated by 4,2% and voices are hight-pitched, but I prefer this than timestrecthcing.