I have a short-cut kind of solution. Not as ideal as being able to simply click on the audio track and convert it to mono, but it does work.
I use my normal audio editor (AVS) to rip the audio track directly from the video file. Say, DSC_1234.MOV. I then save it as a .wav, 16-bit mono in the same directory as the original video. So now I have added DSC_1234.WAV to the file folder.
Then, import both into PD14 and drop them into the timeline. Highlight and copy the mono audio track, then highlight the audio/video and Insert the mono audio track. Choose Overwrite, and the stereo audio will be replaced with the mono track. Highlight the original video and the newly pasted audio track and right-click. Choose "Link/Unlink Video and Audio". Bam... it's like my camera recorded the audio in mono, and most importantly....
it's in synch!
Then delete the mono track from the timeline and I'm off and running. Not exactly as elegant a solution as I'd like, but certainly will do the trick quite nicely for the few audio tracks I need in mono for the work I'm doing.
I do appreciate the help, folks! You filled in some holes for me and got me to put on my thinking cap with your suggestions! Many many thanks to the community!