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Interesting but after a quick read around it doesn't seem that clear cut. For high bitrate files it seems that the difference between them is a bit disputed. Plus there are some suggestions that Plex doesn't transcode the resulting files that nicely.
I need to do some experimenting at some point to decide settings whatever encoder I use so may see then.
I've pretty much filled the 16TB I have. Think I'm going to opt for sticking a load of Blu-ray rips through Handbrake to get the size down to around 10GB rather than than 30GB per film.