The above video goes away if you are a member and logged in, so log in now!
I didn't give up and got the srt sub files to work but I took the long route bypassing SMS's subtitle support all together. After trying every single thing I could I finally ended up hardcoding the subs into my movie after converting them to ASCII. Of course it works now but I wish it could get all this time back and would've done it in the first place.
Regardless, I've definitely learned more and I couldn't be more appreciative of all the people who help.
9 Thumbs Up to all.