I’m still working with Sony Vegas. Emphasis on the word Sony, because I do not like Magix Vegas nearly as much. I found it much harder to use, much less intuitive. Now admittedly I’m a halfwit so that might have something to do with it, but Vegas used to be so easy to use that I went back to my old CD of v13. So my settings might be a decade out of date but here’s my preferred rendering, which I’m happy with:

Video format: XAVCS

AVC codec

1920 X 1080

Progressive

Audio: WAV or FLAC in stereo at the highest quality possible

(which I render separately then mux together with the video)

The finished file will be around 35-40 gigs for a 2 hour file, so I use Handbrake to create an x265 about 25% that size if I’m gonna upload the file to the net.