1.) In the CS6 export window, if I choose to export with sequence settings does this mean that it is not applying any compression when it is exporting the file?
2.) If so, if I have a series of 1920 x 1080 .PSD images that I use to make a new sequence, what is it using to encode/export the video since there are not video clips in the sequence but just .PSD files?
2) You're better off not using Match Sequence Settings and just choosing the settings you need manually.