8mm film transfers is something I've been doing for my consumer clients for several years now. (It's especially popular during the holidays.) To do it right requires that you sync each film frame to one video frame, and then convert the playback speed so the result approximates real-time motion. (Video runs at 30 frames per second, while 8mm film typically runs anywhere from 15 to 18 fps, nominally). That's why a telecine machine is so crucial to getting good results, along with proper cleaning and lubrication of the film. It's also great if the technician cuts out sections of unusable footage, places DVD chapter breaks at the appropriate places, doesn't cram too much video into one DVD, and (if budget allows) adds a music score.
It's easy to do it badly, much harder to do it right. I have yet to see any film-based motorcycle POV footage come in the door, sad to say!