We stay away from recommending specific settings as it is pretty subjective. All of the elements in the Movie saving settings dialog box come from QuickTime, not Snapz Pro X 2, and therefore are a bit beyond the scope of these FAQs.
That said, the H.264 codec is Apple's standard. It is the codec used for trailers on the Apple site and does a great job of maintaining video quality and keeping file sizes to a minimum.
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