Maybe I'm mistaken, but a long while ago I seem to have read an article about comparing videos encoded by different codecs.
Basically what I think what was done, was to put them together in a timeline - and by use of some effects - "null" them so you could only see the difference.
Now that I'm writing it down, I'm not so sure anymore - but I just wanted to check if someone knows a way to efficiently compare codec compressions.