marin888 said:

You definitely have problems with noise reduction & reddish color.
There is no grain and untouched ts file definitely must have them.
Check your settings for recording. But why reddish color?

AMC HD Rip 720p & BD 1080i
http://screenshotcomparison.com/comparison/161879
720p & BD 1080i - Picture 2
http://screenshotcomparison.com/comparison/161575/picture:1

And here is comparison for noise reduction, it have same effect like you have.
http://screenshotcomparison.com/comparison/151114

Again, that’s what it looks like on my TV. Has nothing to do with the way it’s being encoded.

I use the default settings on the Hauppauge when I encode. Does anyone else have it and have this problem?

I don’t know what you’re showing me in your comparison.