brilliant, and thanks for your quick response rich.
in case it's useful for anyone else out there - this solution worked brilliantly. took a few minutes to get my head round it though!
and i hardly had to alter anything to get what i wanted (based on the cues in the pics in rich's link below):
Q1.4 - i made this a pause instead of a stop, so that the first (looping) video froze on the last frame rather than cutting out. this solves a tiny glitch when swapping from looping to not looping.
Q1.45 - armed/disarmed as for Q1.4 (the stop/pause cue above) - start cue to play my 2nd video
Qs 1.15 & 2.15 - arm/disarm cues for Q1.45 (the same as Qs 1.1 & 2.1)
and then a stop Q auto-continuing from my 2nd video, to stop the 1st video (which by now is paused, and just needs to be stopped to save resources)
hope that helps someone else!
will