Mike, sounds like you're almost there. You might need to just clear up a couple things with understanding recording modes. I took part of this from a post I made in another forum.
When you set the recording mode for a program you need to consider a few things:
1--How long the end result of the program will be (playing time after editing).
2--Depending on the length of time--How many dvd discs do you want to use to burn the program to.
3--What type of Picture quality you want vs. how much time/length of program you want to fit per disc.
Think of the recording modes XP/SP/LP/EP in TWO ways when you record to your Hard Drive:
--The amount of time that will fit on a DVD Disc AND picture Resolution.
XP=1 hour of programing per dvd disc @ 704x480 and approximately 10Mbits/sec
SP=2 hours of programing per disc @704x480 and approximately 5Mbits/sec
LP=4 hours of programing per disc @ 352x240 and approximately (I think 5 mbits or less)
EP=6 hours of programing per disc @352X240 and approximately (I think 2.5 mbits or less)
As you increase the amount of time that will fit on a dvd disc, you decrease the picture quality. High Speed dubbing mode will burn a program to dvd as data no matter what mode the program was recorded in (xp/sp etc..). It's lossless and will actually allow you to squeeze additional minutes onto the disc in each recording mode. Think of HS Dubbing as a data mode. Whether your program is 1hr or 6 hrs, it should high speed dub to a DVD in less than an hour. You can fit 4411 MB's of data/programming to a disc. So you are always HS burning up to 4411 MB's of a tv show/movie etc. --don't only think of it in hours.
Put a blank disc in your recorder, pick a progam, choose HS dub mode and you'll see the data size of the program listed in MB's on the dubbing screen. It's a good way to gauge how much you can fit on a disc.
If you have a program that's 2:15 in XP mode, the only way to possibly high speed dub it is to divide the program in 2 and HS dub it to TWO DVD-R's. And I don't know for sure if you can fit 1 hr 7 mins of your program on 1 dvd in XP mode. If you recorded it in SP mode, you would most likely be able to HS dub it to one disc. If you want to check it out, select the 2:15 show for HS dubbing, pop in a blank disc and check the program size in megabytes. If it's less than 8822 MB's, you might be able to split it and dub to 2 discs.
Ok, this is long enough, hope it helps you out.