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How to Convert DVD to MP2 - Best DVD to Audio …
https://www.nchsoftware.com/howto/convert/dvd_to_mp2_files.html
How to extract/convert DVD movies to MP2 files on …
https://www.ufushare.com/how-to-extractconvert-dvd-movies-to-mp2-files-on-windows-or-mac/
DVD authoring: choosing between MP2 and AC3 audio ...
https://forum.videohelp.com/threads/387827-DVD-authoring-choosing-between-MP2-and-AC3-audio
So grab some DVD bitrate calculator and maybe you have enough of room. Those 1,5 Mbit is quite a lot. If you encode to AC3 choose say 224kbs (but as was said 192 should be enough also) that is plenty for 2channels. If you go with mp2 audio and say you encode to the same bitrate, in theory, it would be tiny bit worse.
MP2 or AC3 DVD audio - VideoHelp Forum
https://forum.videohelp.com/threads/101249-MP2-or-AC3-DVD-audio
Most (inexpensive)DVD authoring programs do not support AC3, although Ifoedit (free) does. For that reason, I've stayed with MP2--works in my 3 DVD players without any problem, although I believe, "technically", MP2 is not within the DVD NTSC standard. wwaag
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