Is there anyway to save video locally VIA the Red5 Pro Streaming SDK?
The ability to record locally isn't something built into the SDK at the moment, but it is currently in development.
In the meantime some people are handling this by implementing their own R5VideoSource which is the class that the R5Camera implements. You can custom code it to record to file and pass the frames through to our pipeline.
Then you may need to convert the saved files according to your needs. For more on converting files please see our blog.
For more information on recording files please see this FAQ.