This a quick plane motion tracking I've just made: File.
PS: kenanproffitt I've watched your excellent tutorial "The Secrets of Creating Realistic Trees in Blender" once again just a few days ago. It's in my opinion the best Blender tree creation tutorial on the web👍! I would just try "Follow Active Quads" with "Length" as "Edge Length Mode" in order to make the bark texture follow the trunc's contour lines.
Hey Ingmar! Cool result! I'm glad the tutorials are proving to be useful. Thanks for watching!