1.51 is latest, but recently microsoft have cracked down on what codecs people are allowed to convert between. If you need to convert from microsoft file formats an older version like 1.3 may let you, while the new one may not. You can always get both
Vdub 1.4c /AC3 tends to produce smaller file sizes than the current version.It doesn't have the nice Lanczos3 filter for resizing or the ability to boost audio volume,but for smaller final files it's good.I use the current version when quality is more of a concern than file size.
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