Do I need to bother selecting quality of the OGG file if I'm already importing an OGG file?
Just a guess, but i'd assume that setting is for making the other file format. However you can check if the ogg is re-encoded by saving the capx as a folder and comparing the size of the ogg you imported and the one in your project folder.
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Thanks, I checked the project folder and it doesn't re-encode.