LaserDiscs:
French Coffret Trilogie (PAL, English audio, french subtitles in black bars)
Capture equipment:
Pioneer DVL-919E
Canopus ADVC-55
Final output:
2x dvd-r/movie (yes, that means switching discs, for the real laserdisc feeling

Audio:
DD 2.0 448 Kbps, or
PCM Stereo 1536 Kbps
Video:
PAL, as high as possible bitrate, at least 10 pass encoding