Interesting point SamuriHL. I have been a Procoder 2 user for a long time, as many people know. However, Hank's advances are simply astonishing and if you prefer a sharper feel to your encode, his encoder is just magnificient. And you can't beat the price, can you? I don't feel CCE is in the race at low bitrates - that is where Procoder really shines.
As for alan1476's view, I don't care how many times you're gunna watch the movie - you don't want it to look bad. Instead, at least for me, I want it to look as good as possible and even though everyone knows I am a mod on the DVD Shrink forums (where we do give support to the product), I prefer DVD Rebuilder.
As for the time element, it isn't you who are putting time into your project when an encode is done; it's your PC!! Set the encoder at low priority and work away as usual (or just do it overnight if you have a slower PC). This "time wasting" argument is simply ludicrous! Like, what's the hurry? Your PC gunna run outa steam just before you finish? (even if it did, the encode picks up where it left off).
The OP asked if there was a better way than the existing methods, one that was just as easy to use. After ripping the DVD, using DVD Rebuilder is a one click operation. I call that satisfying the OP's request.