Xports don't work like that, I'm afraid.
Xports transfer information files from PS2 to PC (and vice versa).
To view a replay on your computer you need to connect the video output of your PS2 to a video input on a graphics card that has one, tune it in to the PS2 and watch the replay using the PS2. You can record the signal with any one of a whole bunch of programmes designed for it.