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I don't know about CCE, but TMPGenc (was that the correct name?) is about over 4 times slower than DivX5 encoding through dvd2avi->avisynth->virtualdub. It takes me about 12-15 hours to encode a full movie with that program whereas encoding to DivX5 only takes me about 3 hours (2-passes).
Encoding first to lossless Huffy and encoding the resulting file to DivX5 is still slower than a direct encoding to DivX5 from the vob. I don't see how encoding first to MJPEG and the resulting file to DivX5 could be any faster than the Huffy method though.
But about the method you mentioned:
1) slow via pseudo_avi:
vob -> dvd2avi -> avisynth -> vfapi.avi -> CinemaCraftEncoder CCE
2) via real avi:
vob -> dvd2avi -> vfapi_avi -> VirtualDub creates a real (big) avi by Leadtools Mjpeg filter -> real.avi into CCE -> m2v
Both ways seem like pseudo avi to me since they both use vfapi. And since VDub can work with Avisynth directly there's really no reason to use (the SLOW) vfapi. Replacing vfapi with Avisynth on the "real avi" method should speed things up even more.
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