but youve neglected the SIZE issue. As a student, i dont have very deep pockets, so i need to know how to do this without totally fucking the videos or my hard drive up.
No, I haven't. 100% quality encode shouldn't make terribly large files... thats why I didn't recommend a quantizer 1 encode. If you can't even handle 100% quality... well... i'd look into deleting important crap from your HD O_o