@ bfilmnor

In a lot of ways it is simply a personal preference and/or a matter of what you need within the resources you have.
To this point I have relied on AVI GoPro-Cineform as I found it gave me the best results for editing in post with Adobe Premiere Pro CS5, but file sizes can be quite large.
MPEG-2 yields decent results especially if burning to DVD, although Windows 10 apparently no longer supports it natively.
MP4 is a very popular file format and typically takes up the least amount of space on your Hard Drive but may tap on CPU usage while encoding, which could impact performance and some have experienced issues when recording in this format.
I am anxious to try out the new support for FFMPEG ProRes Codec (mov) it looks very promising, and my preliminary tests look good so far.

So all in all, there is not necessarily one "Best" codec, just what works best for you in your situation.
If you are unsure, you are best to test out as many different codecs, bitrates and workflows as possible to determine what "looks" and works best for you.


Ice