No idea what DVD Shrink 5 is. I'd suggest you leave that one alone.
I burn my Audio & MP3 CDs with Roxio 7.5 , although Burrrn does as good a job for Audio CDs.
For DVD videos & always use ImgBurn and for data CD/DVDs Nero 6 or Imgburn.
For DVD ripping it depends on the DVD protection scheme. I'd go with a combination of DVD Decryptor & Ripit4Me or AnyDVD and then DVD Shrink to compress to a single layer disk.
There's not really 1 app that does everything right so people use what they find best for a particular function.