For old series/movies, let’s say The Walking Dead that was filmed on 16mm and very grainy
grain is digital video's mortal enemy, especially when it comes to streaming. i was avoiding the walking dead like a pleague because of the grain, but then bitten the bullet and went with 1080p AVC CBR, which cost me around 800gb. then i downgraded to 720p AVC CVBR bluray rips and cut down the size to about half. it still looks bad. same goes for rescue me series. ive tried even 6gb 1080p AVC bluray files and still there were some serious issues in low light, complex scenes. not to mention series 24, the king of grain (at least to my knowledge). i did not try blurays, but even the highest bitrate files from AP are barely acceptable. thus, ive accepted the fact that grainy series will look bad and if i want to save precious HDD space, it will look even worse. im no quality snob, but even i have standards, lol.
all that being said, ive settled with the folllowing: all movies, 1080p AVC CBR, no exceptions (dont care if audio is 128kbps stereo or 192kbps 5.1, they all sound the same to me, maybe if i had a spiffy sound setup id care, but i dont so eff it, lol). TV series fall into three tiers: newer sitcoms, 720p AVC CBR or 1080p HEVC but only if HEVC looks acceptable. older sitcoms 720p AVC CBR only (no SD unless the series has been remastered, then i think most will be fine even at 540/480p, see the virginian... even SD is like 1gb per episode). other TV series, 1080p AVC CBR unless series comes in 12 seasons with 25 episodes per, then i drop down to 720p AVC CBR.
i simply stopped caring whether ill use 380gb vs 200gb when it comes to TV series because ive learned, from experience, that you cant have great quality and low filesizes. you can and absolutely will get acceptable quality and low filesizes, sure. in the end, ALL streaming content is lower quality than what you can produce yourself by ripping and encoding your own both DVDs and blurays, which is what i am doing with almost all older TV series i find on any of the streaming providers, given i can source DVDs and they are of acceptable quality (not all DVDs are made the same, a thing i also learned along the way).
anyways, you have 500 tokens. ramp up to unlimited speed, and try. i suggest to get movies in highest quality you can, and for TV shows... trial and error, experiment. ALWAYS try s01e01 in various resolutions and codecs, see which looks best/acceptable and go for it. but, also beware that something that looks great on 50'' 1080p screen might not look as good on a 75'' 4K screen. i had to redownload a 'hit tonne of stuff because what used to look good suddenly most definitely did not on a larger screen.