I did some edits & joining with MPEG-VCR. But there are a few edits I'd like to do without having to re do everything. I saved the MPEGs as MPEG-2 Program Stream. My question is if I took the edited MPEGs & then exported them again. Would I loose quality ?
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You can't add a clip to your main video unless its video and audio characteristics match the main video. If a clip doesn't match the existing video, it will have to be re-encoded so it does match, and it will loose some quality during re-encoding. Otherwise, as I wrote previously, if you don't make changes to the main video in any spot where you previously made other edits, there will be no loss of quality in the main video itself except for a few frames on either side of the edits.