Wow! SSIM 2D + AR + LL downscaling looks much better than Catmull-Rom + AT + LL downscaling in 720p videos when Luma Doubling + Quadrupling is used! The result is sharper and looks much closer to 1080p content. In fact, with above configuration + other highest quality settings), 720p with madVR looks better than 1080p with VLC Media Player or MPC-HC with LAV & EVR!
More huge thanks to madshi for madVR and Shiandow for SSIM!
BTW, what does madVR stand for? I know "mad" comes from "madshi", but what about VR? Video Renderer? What does "madshi" stand for?
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