As far as I can tell, there's no way to get a 180 degree video to fully display onto a rectangular viewport without distortion, your best bet is to zoom in until the field of view is in the vicinity 60-90 degrees (at which point you'd technically be seeing less than a quarter of the whole scene).
It's kinda like the map of the earth, we display it as a rectangle but only after distorting it severely, especially near the north and south. There isn't a rectangular projection that is distortion-free.