I took the 73 Mbps 4K NLUUG Tears of Steel encode, scaled it to 720p, and used CRF 10 veryslow x264 to simulate 720p BD.
SSIM cheating was disabled in AV1 with tune 0 and variance boost, 720p was chosen to handicap AV1's 128x128 superblocks.
Even when nearly maxing out x264 compression , preset 4 AV1 = ~30% better compression and encodes ~40% faster as well.
I confidently declare that H.264 is now official boomer trash like flickering CRT displays.
ffmpeg -i tearsofsteel_4k.mov ^
-vf "scale=1280:720:force_original_aspect_ratio=decrease,pad=1280:720:(ow-iw)/2:(oh-ih)/2:black" ^
-c:v libx264 -preset veryslow -crf 10 -pix_fmt yuv420p input.mp4
base_av1=ffmpeg -i input.mp4 -c:v libsvtav1 -crf 28 -preset 4 -pix_fmt yuv420p10le -svtav1-params
psy_av1=keyint=5s:lookahead=120:tune=0:enable-variance-boost=1:variance-boost-strength=3:variance-octile=4
frame=17616 fps= 18 Lsize= 212825KiB
bitrate=2375.4kbits/s speed=0.73x elapsed=0:16:45.14
base_h264=ffmpeg -i input.mp4 -c:v libx264 -crf 18 -preset veryslow -pix_fmt yuv420p
frame=17616 fps= 13 Lsize= 304524KiB
bitrate=3399.0kbits/s speed=0.535x elapsed=0:22:51.14
https://ftp.nluug.nl/pub/graphics/blender/demo/movies/ToS/tearsofsteel_4k.mov