Quick Media Converter is supposed to be able to convert among all kinds of video formats. I took your post to mean you want to convert to MPG-1, and so for that, you'll want to select "VCD" as your output format, then just fire up VLC and you're good to go. Default settings will leave you at around 700mb/per hour, but when I had a computer that choked on high quality mp4's and avi's (a desktop from 1998), it played mpg-1 stuff almost flawlessly. Here's a link: