Personnaly I :
- use shrink when compression is not under 80%. Depending on the source I keep the menu and in rare situation, some bonus. But I often take only the movie, with or without the end credits. The matter is : not under 80 %
- if I can't I use DVD-RB with CCE. As I have the pro version, I can choose to keep the menu or the bonus, but the free version does only full disc. As I really don't care about the bonus, I set the "half space and half size for bonus"
- Sometimes I even use shrink to extract the movie only but in "no compression" mode, and I use DVD-RB to compress the final result

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Note: you can use HCenc, it is as good as CCE.
Note2 : I use 1-pass OPV grant to RB-OPT.