I think im just going to release a DVD5 of this, since I wouldnt even be able to take full advantage of the DVD space because of the DVD players bitrate cap. Even at DVD5 level the video bitrate is goign to be 6.25 MB/s which is about half the original bitrate and 2 MB/s higher than official DVD5 releases....half the original resolution @ half the original bitrate isnt bad

As for the encoding, I might do a trial run and see how those settings looks maybe when Im tweaking stuff but in the end, Ill still probably end up doing multi passes