Here is my first draft of my idea. I had to use the parallel corner tracking option so that four points would lock onto the image for a much more reliable and smooth tracking process. I found with the single tracking point it would track very well, but be very jittery which obviously doesn't look good. Now it isn't as jittery and would be the same as what it would be like on a hand held device such as a iPhone.
Looks good! I will now get some slower moving footage in the next few days (if this rain clears up!) so I can demonstrate my idea more clearly as the footage won't be as fast.