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Moyea uses FFmpeg which only supports the MUCH older Sorenson Spark FLV codec, so if you do any re-encoding it'll make your videos look much worse.
Without re-encoding you can only chop off at keyframes (the FLVParser thing), which may not occur any closer than every 3-10 seconds. It all depends on your source clips, but that's the better approach if it works for you.
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