Here is another topic on cgtalk that outlines the same problem. So I'm not sure if it is a conversion problem, or compression problem. I don't think I will give up on h.264 because the compression is pretty remarkable overall. I will just try to find suitable filter settings to adjust the saturation and contrast to get a similar result to the uncompressed version.
http://forums.cgsociety.org/showthre...ighlight=h.264
http://forums.cgsociety.org/showthre...ighlight=h.264
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