Best Audio/Video codec for Video/Audio Conferencing in VLC

[parthmankad]

Hello everybody

I am using VLC to make an Video/Audio Conferencing application.It is kind of a moderator/participant application.i want to know which video and audio codec should i use alongwith which encapsulation to get best results.i will be multicasting the moderator video to all participants.there are lot of video and audio codecs option available.so i would like to know which would be better.i will be working in windows enviroment.

Thanks

Parth