OK, Mike, I downloaded and listened to the MP3, and looked up it's properties.

Unfortunately, you decided to encode this (probably to save space and loading time) at under 96kbps, a VERY compromised bitrate for a quality playback. Did Frank send it to you as this?

Personally, for an MP3 to have a close to .wav fidelity, it needs to be at least 196kbps encoding, and preferably 256kbps+. Even the crappy mp3's you get on the internet tend to be at least 128kbps.

I know this sounds kind of picky, but the whole POINT of an audio only demo is to have fidelity much greater than what the camcorder is already achieving, isn't it?
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An arranger is just a tool. What matters is what you build with it..!