Hopeful lead?

"FantaMorph supports the import and export of 32-bit with alpha images in BMP, TIFF, PNG and TGA formats to create professional effects. Most images used in computing are based on 24 bits, specifying the red, green and blue values at each particular point on the image. These 24-bit images are fully opaque, thus anything under them will be hidden. A 32-bit image has an additional 8-bit alpha channel, which is used to specify transparency. Such images can be smoothly blended with other images.

32-bit image; - the portion filled with the small checkerboard grid represents transparency. The image containing transparent areas can be laid over a single color image, like the middle image, or over any other image, as seen at the right. In both cases, the background shows through the transparent area.

You can use 32-bit images within FantaMorph, or export 32-bit morph results for use with other graphic or video software. The example below uses two 32-bit PNG images blending with a flower image as the background and a radial style bitmap as the mask. The result is amazing!"

I've been exploring Anime Studio and Toon Boom. Can't import own images into AS [which also seems Southpark and animated silhoutte oriented]unless it's the Pro version, and Toon Boom seems more geared to drawings and rigged cutouts; though if there was a way in Toon Boom to set up several cycling gif morph animations as 2D objects in a scene with adjustable cameras...

Anyway, looks like I need Fantamorph Pro or Deluxe, which is 25 or 50 squids.