Is to be able to make the crater look more realistic (circular), so later I can extract the elevation points with their x and y coordinates. Did the "Re-projection" under Raster Functions to different coordinates and see if they change, so far after running the function the crater remains ellipsoid. Also, I tried to open the .jp2 under PS CC but is not compatible (that way transformation can be done manually and is much easier).
What worked so far is going to Map -> Properties -> Mercator and it looks pretty much circular. Is there a way to set an specific point on the map and project from it?
Attached, for example ArcGIS automatically sets the raster data in their correct coordinates, however, the data I need is cropped and cannot be set together.