WinDV is low-resource. Adobe Premiere is a great editor, but it's a resource pig. It can actually cause dropped frames, for that very reason.
You're better off just transferring the tape to the AVI file, then loading the AVI file separate.
The TBC goes between an analog source and a digital converter. Hi8 is analog, and I suggest a good Sony Hi8 camera as the player. Signal into TB. Then signal into recorder (computer capture card, or DVD recorder, or analog input across DV camera bridge to computer).
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If you want my advice, then find me at the DigitalFAQ forum. Glad to assist.
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