Peter, This is interesting and we need to try to create this ourselves, from the image it does look like a dissolve rather than an interlace issue - however that is impossible in realtime switching on a single frame.
As you are in Australia I assume this is 50Hz, Correct?
Can you tell us the current switcher software version please, also is this a Carbonite or a Carbonite Plus
Can you also let us know the Final Cut version and the project settings.
The image link you sent is difficult to decipher, could you export that frame as a still from Final Cut and send us the original please.
#Carbonite