Lockstep translates Linear Timecode (LTC) into MIDI Timecode (MTC).
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Lockstep does one thing, and does it well: translate Linear Timecode (LTC) into MIDI Timecode (MTC).
Based on the same timecode-reading engine that powers QLab's LTC synchronization, Lockstep listens for timecode on any audio input you specify, then generates a stream of MIDI timecode to match. Outgoing MIDI messages are timestamped for precise timing, and are sent to Lockstep's virtual MIDI output as well as any MIDI port you choose.
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Been using it for years to sync AV apps on different computers. Excellent, trusty!