I just installed auto rip and compress last week and I am happy with how it works. I configured mine with makeMKV and MetroskaSplitter and after 1.5 – 2 hours it spits out a uncompressed .wtv file. Once all the external programs are installed and configured… it really is click it and forget it. I did loose the skip chapter functionality, but someone motioned that using dvdfab could retain the chapters. Not a big deal to me.
Also you can add any extention in the MyMovies options… I added .wtv and it works fine.