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This was a very hard to find manual. The unit is long discontinued and Pioneer doesn't retain every manual for every model. Thanks owner's-manual.com!
Text excerpt from page 20 (click to view)
Time Codes/User�s Bit
Setting the user�s bit Time code/user�s bit playback
1 2
Set the VTR to the menu mode. (Set the LOCAL/MENU/REMOTE switch to the MENU position.) Select setup menu item PRESET.� (See page 33) No.506 �UB
1 2
Set the VTR to the stop mode.
Set to TC or UB using the COUNTER button. TC: The time code appears on the display. UB: The user�s bit appears on the display. O If the time code cannot be read, it is interpolated using the CTL signal.
Now follow the same procedure as for setting the time code.
3
Press the PLAY button. Playback is now commenced, and the time code appears on the display. When �ON� has been selected as the setup menu item No.002 setting, the time code will be superimposed onto the video signals from the MONITOR OUT connector. (See page 29)
<Notes> O The colon between the seconds and frames changes to a period when a drop frame time code has been read. O When the time code signal is missing, it is automatically interpolated by the CTL signal. The following appears on the display.
T
R
00 : 07 : 04 : 24
The colon between the seconds and frames changes to a period when a drop frame is read.
An asterisk ( ) appears when the time code signal is missing. (For superimposing only)