Convert at 6MB/sec and you're going to be fine. I use Sony Vegas for my encoding. Usually, we don't get more then 9-10 mins of action in a 30 minute race, so just cut the exciting parts into a 10 minute video and upload.
I personally think all the "$100" fake HD "little" cams kinda look bad, and they have pretty poopy output and dynamic range. You can't beat that $250 Samsung for quality. My videos look better then the damn NASCAR broadcasts
-Tom
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