| posts: 850 | Location: Orange County, CA
JonathonM pretty much hit all the main points. I disagree with not using MKV if you plan to stream multichannel audio though, a lot of players have issues playing mp4 with Dolby Digital tracks. MKV can also carry multiple subtitle tracks. It really depends on what software you are going to play stuff on.
Also, double check the default audio tracks, it doesn't always set one as passthrough or pick the right track to passthrough. I usually ditch the prologic track altogether as Dolby Digital has a stereo core that works fine when I'm not bitstreaming. Again, depends on how you will be playing back.
Subs can be a littel tricky. The Foreign Audio Search track looks for a subtitle set that has far fewer lines than the other languages (which in theory, should be the one containing only subs for foreign languages spoken in an english language film). You can also select the main english subtitle track and check 'forced only' but not all disks used the 'forced' flag. I usually end up just manually downloading the sub file for just foreign audio bits and dropping it in the movie folder.
Handbrake recently released two beta versions of the program, one that uses OpenCL for resizing and decoding (not encoding), but I've heard it has quality issues still. They've also released a QuickSync beta version that I've been playing with and pleasantly surprised so far. I can't can't remember if your 3930K actually supports QuickSync since it doesn't have an iGPU, though. If it does, you might try playing around with it.