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First of all.. why even create subtitles in AE..
putting that aside, aegisub (most ass/ssa programs are..) is easier for timing as you can easily see the spectrum or intensity of the sound.
For not having audio, are you ram-previewing or just pressing the space-bar. Ram-preview does give sound.
And about not having those avi-compressors, you are probably trying to use XviD or x264 footage. It only accepts divx (reads the fourcc and bitcode or so) so you can change that for xvid, but most people use either lossless (huffyuv/lagarith) or raw avi..
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