CLINTH  Turns out it isn't aliasing for files on remote drives. It seemed to, at first, but isn't doing it, now. Again, this defeats the idea of being able to play video files that aren't resident on the hard drive. Not much improvement over requiring duplicates of the files in the iWatchTV folder.

Still, I have high hopes for this developer and his app.  
(Version 1.2)

CLINTH  The alias feature is just what I asked. Now I don't have to store files locally and things work just fine. I haven't tried to delete the files pointed to by the alias, but I'm hoping that will work even on remote drives.

There are still some glitches in how easily and accurately the app picks up the pointers to torrents and episode guides, but things are improving. Keep up the good work and you'll eventually have a very useful app.

Also, it would be good if there were an easier way to import links to the video files. Dropping them one-by-one into the app is always going to limit the usefulness of the app.  
(Version 1.2)