According to MediaInfo, there are very few differences between the two:
SmartFit:
General
Complete name : C:\Users\Jerry Schwartz\Videos\CaseyWedding\ReceptionFit\Fit.mpg
Format : MPEG-PS
File size : 3.90 GiB
Duration : 1h 48mn
Overall bit rate : 5 123 Kbps
Video
ID : 224 (0xE0)
Format : MPEG Video
Format version : Version 2
Format profile : Main@Main
Format settings, BVOP : Yes
Format settings, Matrix : Default
Format settings, GOP : M=3, N=15
Duration : 1h 48mn
Bit rate mode : Variable
Bit rate : 4 765 Kbps
Nominal bit rate : 6 000 Kbps
Width : 720 pixels
Height : 480 pixels
Display aspect ratio : 4:3
Frame rate : 29.970 fps
Standard : NTSC
Color space : YUV
Chroma subsampling : 4:2:0
Bit depth : 8 bits
Scan type : Interlaced
Scan order : Top Field First
Compression mode : Lossy
Bits/(Pixel*Frame) : 0.460
Stream size : 3.63 GiB (93%)
Audio
ID : 189 (0xBD)-128 (0x80)
Format : AC-3
Format/Info : Audio Coding 3
Mode extension : CM (complete main)
Muxing mode : DVD-Video
Duration : 1h 48mn
Bit rate mode : Constant
Bit rate : 256 Kbps
Channel(s) : 2 channels
Channel positions : Front: L R
Sampling rate : 48.0 KHz
Bit depth : 16 bits
Compression mode : Lossy
Delay relative to video : -53ms
Stream size : 199 MiB (5%)
[b]
"Normal"
General
Complete name : C:\Users\Jerry Schwartz\Videos\CaseyWedding\Reception\Full.mpg
Format : MPEG-PS
File size : 6.31 GiB
Duration : 1h 48mn
Overall bit rate : 8 295 Kbps
Video
ID : 224 (0xE0)
Format : MPEG Video
Format version : Version 2
Format profile : Main@Main
Format settings, BVOP : Yes
Format settings, Matrix : Default
Format settings, GOP : M=3, N=15
Duration : 1h 48mn
Bit rate mode : Variable
Bit rate : 7 874 Kbps
Nominal bit rate : 8 300 Kbps
Width : 720 pixels
Height : 480 pixels
Display aspect ratio : 4:3
Frame rate : 29.970 fps
Standard : NTSC
Color space : YUV
Chroma subsampling : 4:2:0
Bit depth : 8 bits
Scan type : Interlaced
Scan order : Top Field First
Compression mode : Lossy
Bits/(Pixel*Frame) : 0.760
Stream size : 5.99 GiB (95%)
Audio
ID : 189 (0xBD)-128 (0x80)
Format : AC-3
Format/Info : Audio Coding 3
Mode extension : CM (complete main)
Muxing mode : DVD-Video
Duration : 1h 48mn
Bit rate mode : Constant
Bit rate : 256 Kbps
Channel(s) : 2 channels
Channel positions : Front: L R
Sampling rate : 48.0 KHz
Bit depth : 16 bits
Compression mode : Lossy
Delay relative to video : -53ms
Stream size : 199 MiB (3%)
Jerry Schwartz