Hi all, looking for opinions on project properties and encode settings for a file digitized from NTSC VHS (see media info and my project properties below). I'm running Vegas Pro 20 on Windows 10. Basically I'm looking for the best mp4 encode settings (I usually start with presets in the "MAGIX AVC/AAC MP4" folder and customize from there) that maximize quality while minimizing file size and not adding any pointless upscaling or other "upgrades" to the file that do nothing but increase the file size without increasing the quality of the final result. I've captured at "overkill" settings for VHS to give the most flexibility at the encode stage. This isn't for archival purposes, it's for easy sharing online in excellent quality, either via cloud or uploading to YouTube. In this particular case, the original VHS tape was in EP mode, so quality is already going to be limited, but I still want to get the best out of it that I can, while still maintaining a practical file size that's no larger than it needs to be. Thanks in advance for your advice, and let me know if I've left out any crucial details.
General
Complete name : J:\vhs01.avi
Format : AVI
Format/Info : Audio Video Interleave
Format profile : OpenDML
Format settings : BitmapInfoHeader / WaveFormatExtensible
File size : 589 GiB
Duration : 6 h 11 min
Overall bit rate : 227 Mb/s
Frame rate : 29.970 FPS
Video
ID : 0
Format : YUV
Codec ID : v210
Codec ID/Hint : AJA Video Systems Xena
Duration : 6 h 11 min
Bit rate : 224 Mb/s
Width : 720 pixels
Height : 486 pixels
Display aspect ratio : 3:2
Frame rate : 29.970 (30000/1001) FPS
Standard : NTSC
Color space : YUV
Chroma subsampling : 4:2:2
Bit depth : 10 bits
Compression mode : Lossless
Bits/(Pixel*Frame) : 21.333
Time code of first frame : 00:00:00:00 / 00:00:00:00
Time code source : Adobe tc_A / Adobe tc_O
Stream size : 580 GiB (98%)
Audio
ID : 1
Format : PCM
Format settings : Little / Signed
Codec ID : 00000001-0000-0010-8000-00AA00389B71
Duration : 6 h 11 min
Bit rate mode : Constant
Bit rate : 2 304 kb/s
Channel(s) : 2 channels
Sampling rate : 48.0 kHz
Bit depth : 24 bits
Stream size : 5.97 GiB (1%)
Alignment : Aligned on interleaves
Interleave, duration : 1034 ms (31.00 video frames)