As mossmanfly said NTSC playback in the UK is just about a non issue. I think all UK PAL DVD players will be able to play an NTSC DVD with no problems, but the USA/Canada do not support PAL playback on their DVD players or TV's. I would therefore say you would be best to get an NTSC camcorder and as long as the footage is on DVD there should be no probs for your parents here in Blighty playing them (as long as they have a DVD player that is  ). The other way round is almost certainly not going to work!
Mark.
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Lexicon MC-8B. L/C/R: Blue Sky 6.5's, SL/SR/SBL/SBR: Blue Sky 5's, Sub: Velodyne DD-15
Panasonic NV-HS830, VTX-D800U via TiVo, Arcam DV29 & Sony BDP-S500 > Lumagen VisionHDP > Panasonic TH-46PZ85B. Marantz RC9200
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