Codex is important...
But
Go to google
Type "sony vegas X render settings" where x is the res you want.
Like "sony vegas 1080p render settings"
I render for 1080p for youtube, but 4k for storage.
But like Mark said, you cant remove imageinfo and keep quality the same. But sometimes the "good enough" can be a lot smaller than the source material.
Something like this is what you are looking for, based on the way you asked the question
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