Ok, I've settled on something like this:
Quote:
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program --qp 16 --level 4.1 --ref 8 --mixed-refs --deblock 1:2 --no-cabac --subme 1 --partitions none --me dia --threads auto --thread-input --aud --progress --no-psnr --no-ssim --output "output" "input"
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I've found that multiple reference frames really improve overall image quality during playback, so I stuck those in there.