@silverfix, your comment: "The bottom line is that, in my opinion, the source footnote should only contain the info for the reader to find the info - not a transcript of the source itself"
In general I agree with you. However, In the historical books that I have edited over the years footnotes come in three forms:
1) A full citation. Which includes Author, Title, Publisher, Pages, (and other stuff so you can find the source). (Probably what you want)
2) Author-Date. Basic information so that the reader knows where the data came from but not necessarily find it directly. The citation is then amplified with additional biographical information as a list of references at the end of the chapter or end of book.
3) Quoted Reference. In a few cases where the author paraphrases another individuals comment, Some times if the actual quote is short the quote is cited at the bottom of the page so the reader has direct access to the quote and where they can find it if they want to read "in context".
The problem is not with the recording of the data but that FTM does not provide a very good report/book creation program. They should allow us, the writers, to control the way we use and generate the document including the footnotes, endnotes and in some cases in-line notes.
I originally purchase FTM because they created report and read GEDCOM. I stopped using it because they did neither function very well. I now generate books and reports from a GEDCOM centric MS-Access database and a report writer.