Best Encode Format for Flashdrive for Use With PC and TV?
 

I recently captured my tapes to avi HuffYUV format via VirtualDub 1.9.11. I am planning to make minor edits via VirtualDub. I want to encode these HuffYUV avi files to a format that allows me to put the files on a flash drive and view them on any computer and plug the flash drive into a TV and watch the videos.

What encoding format will support this? Will I need to deinterlace the videos? What settings do I need to be made aware of? Is there a specific re-encoding software that is best suited for this scenario?

I'm kinda in the same boat as you when it comes to final encoding of material. I have always used H264 files for both pc and TV viewing, but the issue comes to play that when putting files on a thumb drive for directly plugging into a smart TV, the drive needs to be formatted in fat32 file format which will only accept files under 4 GB.
Now unless that has changed with newer tv's that is the limit per file. This can be problematic for long movie/ video files as you need to compress them down to fit to that 4GB limitation.
Pc's and laptops can play larger files but those thumb drives can be formatted in NTSC spec which has no 4 GB limitation. As far as deinterlaceing goes if you play interlaced material thru vlc player on both TV and pc it will deinterlace it as it's viewed and looks pretty good.
Maybe another member can chime in with a better solution.

I did some looking around on one of the manuals for one of Samsung’s current smart TV line up and it mentions that it supports NTFS format as well as various video formats. See attached. I’m curious to what other have to say about this.

My bad I meant (NTFS) not NTSC

Many TVs will read NTFS and/or exFAT though FAT32 is really the only safe bet unless you know the TVs it's meant to be used with.

I did mention about the usb flash drive but I wanted to know if I should encode the captured VHS videos from avi HuffYUV to MPEG or H.264? Then view those newly encoded videos on a computer or tv?