Still wonder how to increase edmac buffer or something to increase the size of the crop raw.
Have you tried setting ADTG2-100c on 0 in 1080p mode ? (override it and switch between photo and videomode to "reset" video live view to do 0 line skipping.
On 6d I have to use CMOS[7] to center the image on the live view screen (white borders above and below it), on your 500d it probably is CMOS[4] or CMOS[5].
I can get my 6d to do zero vertical lineskipping in 1080p mode, only it does 1/3 of the sensor height, probably has to do with the edmac buffer size, like you say, increase the edmac to increase the frame height. So I get a stretched image with real vertical pixels and horizontal pixelbinning of 3 pixels.
For those of you with a
6dGo to 1080p25 video mode
Override registers ADTG2-800c to value "0"
Override registers CMOS[7] to value "14"
Press magnifying button to go to 5x zoom and 10x zoom and back to normal view (this somehow resets live view to the new override settings)
Or
Switch to photo mode and switch back to video mode (this resets live view to the new override settings)
Now you have full sensor width view with 1/3 vertical sensor height(with no lineskipping)