The following is a list of recommended recording settings based on factors such as quality, file size and where the final recording will be used.
FFMPEG
Codec: MPEG-2
Format: Transport Stream (.ts)
Video Quality: 50M (HD) 10M (SD)
Audio Quality: 384k
Pros: Fast, high quality recordings with moderate file sizes. Supported by most video editors.
AVI
Codec: MagicYUV
Pros: Lossless video quality, fast post production editing.
Cons: Very large file sizes, need to install the MagicYUV codec on any computers used for post production.
MP4
Bit Rate: 25 Mbps (HD) or 8 Mbps (SD)
Audio Bit Rate: 192 Kbps
Pros: Files can be played anywhere and can be easily uploaded to most web sites
Cons: Provides good video quality for file size, but may not be suitable for high quality post production video editing.