ANSWERS: 1
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1) File size 2) The amount of time required to download (bigger files take longer) 3) Resolution - The HQ video will look smoother when viewed in full-screen, especially if you keep your desktop jacked up like I do. The non-HQ video will look fine in a little window but often looks a bit jaggy when you full-screen it. Aside from those differences they are exactly the same; anything you can do with one, you can do with the other.
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