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However, if you want to change the inserted flash movie you must delete all the frames after the insertion and do the copy frame advance and edit or you loose all that smoothness.
You can only do very few things to a SWF Object such as transformining it (Scale, Flip, Rotate, ECT), treat it as a movieclip for scripting, or positioning/move it. You do not need to delete the the frames after the Insertion as a SWF object. All you need to do is select the SWF Object and copy it. Then move to the next frame and paste it. In the new frame position it where ever you like or transform it (It will tween like a shape more or less).