![]() If you use an already encoded video for input, it will be re-encoded entirely on output. ![]() It will take various input formats, but basically it's designed to work with lossless input formats and encode them to MPEG, AVCHD, BluRay, and a few other encodes. The TMPGEnc product has very good X264 and MPEG2/1 encoding. What formats? What do you mean by "edit" ? (simple cut and join? Transitions and special effects? Color Correction? Denoising? Adding video tracks? Creating final output with menus and chapters?). Members here might want a little more information. You're either working with lossless media or you're working with something else that isn't lossless. I don't think there is any such thing as "lossles editing" of "various formats". ![]() With those two products, both of which are pretty good for what they do, you're talking about oranges and apples.
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