Current state on this:
* delaying to mid-July so I don't start a batch process and leave it unattended for a week :)
* still hoping to deploy the libvpx+ffmpeg backport first so we start with best performance; Moritz made a start on libvpx but we still have to resolve ffmpeg (possibly by patching 3.2 instead of updating all the way to 3.4)
* after further testing of 30fps and 60fps files, I'm also planning to increase the data rate a bit.
I want to do a little more testing on the ideal data rate, but it'll end up looking more like a 30% reduction than a 38% reduction in file size. Our current VP8 and provisional-VP9 configurations were tuned mostly on 24fps files, while 30fps files are very common and require a moderately higher data rate to reduce compression artifacts. (50fps and 60fps files are also around, and will also benefit from an increase in data rate.)
(Possibly the data rate will end up scaled according to frame rate, but frame rate is surprisingly hard to calculate reliably for WebM input.)
-- brion