VHS capture to Divx should I use HI res capture first?

[geniv]

Hi I'm. I got alot of VHS tapes from moderate to good playback quality.
and a MPEG1/MPEG2 hardware capture card (WinTV PVR250)

anyway I plan to do a video cap and have the final result in DivX 5
at 450kbs bitrate 352x240 resolution.

I want to have as a good of a source file for the DivX5 encoding as possible.

so my question is should I capture in MPEG1 352x240 at 2000k bitrate

or mpeg2 702x480 at about 4500k bitrate and have the divx encoder scale it back down to 352x240 durning encode?

which would give me better video quality at the end?

btw: drive space is not really a problem for me

thanks in advance for your input.

[Tommyknocker]

If quality is important to your finished product, capture at the highest resolution you can, it will make your end product look better.