What will you be playing the CD back on - just your PC or a stand alone DVD player?
The reason for asking is that not all players will play back VCD or SVCD which for CD's is probably the best format.
From my experience my PC will not playback VCD whilst my Samsung DVD stand alone player will. You must be sure before selecting what you save the format as.
Other than that have a look at this thread for advice as to capture and editing click here I