What's the best software for lossless archival ripping?
I also hear good things about MakeMKV [1], which apparently allows some sort of lossless ripping of video files (I haven't used it, so I cannot confirm this), although the MKV format does not support menus.
On the order of 2:1 or 3:1 vs MPEG2 format for DVD.
If the question was about balancing quality and file size I would've given a different answer.
sudo cat /dev/sr0 > ~/example.iso