Acaila, I think normal recompress does a colorspace conversion, right? And normal recompress for me is almost as fast as fast recompress, and those two are both substantially faster than full processing.
JimmyBarnes, consider buying more RAM. Even in Win98 SE the avisynth-Vdub-Divx5 combination takes at least 160MB (never seen it using less). You could check it out for free by borrowing a 256MB stick from a friend - I think it will help your overall encoding speed as well as the relative difference between fast recompress and full processing.
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