Hey I think that's awesome but I have friends who watch a lot of anime and whatnot (subtitles). Honestly I hate all the stupid video codecs. I don't want to spend hours tweaking settings, I just want a video player that works with virtually every file that has or does not have subtitles. If MPC-HC does this no problem, them I'm totally all over that. This is why I stayed with VLC for so long; it's never failed me but some friends who watch anime say they do encounter subtitle issues from time to time. This thread is just my research into seeing what's the best option.
For the past few days I've been using the Windows7Codec (by Shark007) and it's worked pretty well with both various file formats and subs. But again, I want to see what's the best option and get everyone's input.
MPC-HC handles subtitles really well. Just make sure to go into Options > Playback > Output and tick EVR Custom Pres.