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Originally Posted by Alain2
I was using it for avs script treatment before my 3 x264 passes encoding thinking it was lossless, but Poutnik comment makes me wonder...
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You are confused.
The "Compression..." setting in VDub determines which codec to use. How much compression really happens and the type of compression depends on the codec you choose. The codec may decide to throw away some information to reduce the size (lossy compressed), retain all information and still reduce the size (lossless compressed) or store all the information as is (lossless uncompressed).