I agree with Ookami,
there are so many factors involved so that every statement like "I found the one and only final solution for good captures" must always be wrong.
I capture TV (WinTV) with 384x288 HufYUV, just because the low resolution will result in a quick and easy cut&encode (mostly DivX4 two pass, just because it's fast to set up).
If I wanted to get better quality, I'd capture in 512x384 Hufyuv (or maybe in Indeo 5.1 quick compress 100% quality if HD space was not enough).
But, when I want to get a really good result for a bad VHS tape, I take the Sony PC100 DV cam, record the vhs to DV, firewire it to the PC and take a lot of time to try out filters and resizing methods in Nandub. This, of course, can take a week until I'm finished with one movie...
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