I see this is your first post. Welcome!!
It would appear that possibly you are asking for the incorrect software, as AnyDVD has a built in ripper. DVD content is already MPEG-2. Just what are your goals? If you have allot of disk space, then just rip the DVD content to the harddrive with AnyDVD. If you, in fact wish to use a higher compression than MPEG-2, then you need to decide what format you are satisfied with on quality. (Since you state that you do not wish to compromise with quality) Try some conversion softwares to see what format meets your needs. See here:
http://www.videohelp.com/tools/secti...oders-h264-vc1