Comment Re:The specific encoder matters too (Score 1) 325
I'm not worried about there being a ton of later comparisons as Theora continues to improve
In general, we recommend people not use non-default settings with our codecs. Unlike many other projects, we put effort into making sure the defaults are correct.
That said, this is one case where the Theora default was suboptimal because it was the wrong use case. We need to reword the way these options are specified. For bitrate manged modes, there's two common ways to use them: Very tightly constrained rate for a fixed-rate channel (like ISDN or low-rate DSL) and a more relaxed management that is simply trying to hit some size over the space of the whole movie (usually a two-pass mode, fit-a-DVD-on-a-CD type use). Right now, the Theora tools all do the first and that's how your test was performed. The h264 was encoded with the second. So that's a penalty to the constrained encoder.
VBR vs VBR is a more accurate direct test of encoder capability. Don't get me wrong, x264 is going to win that test too, just not by as much.