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Sounds good in practice reik and I've been searching for an estimated quality indicator in x264 for awhile now. But I found out ratefactor given from the first pass can be very inaccurate depending on what settings differ between first and second pass. It's better than nothing though. A few months ago I asked an x264 developer about rate factor updates/display during second pass for an accurate quality estimation. He said it would be added and I'm hopefully waiting for it.
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