Coincidentally today I was testing how much we can shrink our archived videos. We have lots of videos recorded with the Intel hardware encoder in H264, so not even the state of the art of H264. I figured: pop it into handbrake, change the codec to H265 (X.265), and boom 30%+ reduction. No, the H265 file got 3X larger. Well the default handbrake quality might be higher than the original video, and now it's going to some spend bits trying to encode the artifacts in the source video, while adding artifacts of its own. Sure you can find a happy medium where the quality won't be too much worse and you reduce the file size in most cases. But it sure would be nice to be able to losslessly recompress those videos!