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you are right, speed is similar and very low ...
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thus we have taken MeGUI out of the equation
This asks for a continuance in another thread. Basically I'd triple check of my parameters are really okay as I've never heard or noticed that the commandline versions would be significantly slower than the VfW at the same settings, but since the VfW does not permit all the options the commandline encoders do, it's easy to get non matching parameters.