I have the Farsight set as well as the TR47. I believe the color balance is a bit off on the Farsight (too bright.... loses some details in the white areas), and it is missing a few pixels on each side (compared to TR47 or Gonzo). As for bitrate, I think it's about tied with TR47 on smoothing and pixelation. Granted, there is more available bitrate for video since it it is only 224KB/sec DD (which btw I think sounds very good, compared to the TR47 pcm, which breaks up often), but the push could be due to other factors such as what sort of compression (if any) was used during the initial video capture and the quality of the MPEG-2 encoder.

Mind you the Farsight set is a great effort, but I still prefer the TR47 version for video quality.