I know I have asked this before, but I can't remember for sure.
If I do remember correctly
Video MPEG-4 avc (x264)
Audio FAAC
and all put into an mkv container
Is this right? I want to use the most flexible and most compact combination available.
if you're reffering to this: Optimum FLV settings (http://www.avidemux.org/smf/index.php?topic=9982.msg53809#msg53809)