In VLC, you can choose to align the video to the left, centre or the right. In addition, set the ratio of the display you want the feed to be placed on in the Aspect Ratio or Crop settings. I have it playing perfectly in full screen on my left monitor of a dual head setup.
Also, you can open the playlist file mentioned above and edit it to only have the 480 feed within it. This can be done in Wordpad or a competent text editor. Notepad will corrupt it, since the linefeeds are not completely windows-compatible.
playlist.m3u8 file should look as follows:
To make the video display only on one screen, go to VLC settings, then go to the Show Settings box at the bottom and choose All.
Next, go to the Video section in the left tree, near the bottom, and click on it. In the right pane that appears, scroll down to the bottom of the Video settings and, in the Video alignment section, select Left, Center or Right, depending on your preference. Left will align to your left screen. Center will display the video across both displays with black bars on either side, and Right will align to your right display.
Finally, switch back to Simple settings, then under Video make sure your Output drop-down in the Display section is set to Automatic.
Close the settings for now. Next, in the main VLC window, go to the Crop settings and choose the correct ratio for the display you are using. In my case, the ratio is 16:10.
This will both align and crop the video to a single display only. Perfect! The crop is important so the VLC viewport doesn't spill onto the other display. Try experimenting with it until you get the desired effect.
Update: Maybe I was incorrect about the display switch. I can't get it to show on my right display! Any ideas? It still sits perfectly on my left screen though. Aspect ratio seems to be a better idea so it doesn't chop off the video, even though it smooshes it a little bit as the feed is wider.
If anyone has suggestions on how to create a desktop shortcut for this, I'd greatly appreciate it!