Yep, because there is no video file, or more correctly because there is no video file of the metronome. This is about creating one from the audio when there isn't time to go through and manually create a visual metronome video like I would like.
Short version of this (And I will hear today if the solution Mic helped me with will be acceptable to the maestro) is that a friend working for a symphony was given the video file, and an audio click track for a movie commissioned by the symphony. The maestro doesn't want to use an audio click track, but there is no video click, so one has to be made. If I had time, I would go through and create one much like you described, but obviously this is not a process I can do in an hour. This was an interesting challenge, and other than the stupid mistake I made above, hopefully not to bad.
In the end the audio is being completely silenced (Or rather run to an output that is not routed anywhere useful so that the meter still works, as required for the solution above) and the visual metronome is being displayed on a monitor for the Maestro. Which is actually good because it allows for the video to be delayed to compensate for the processing delay in creating the visual metronome on the fly like this.
Thomas Vecchione