Export times can vary depending on the contents of the Sequence,
and what (if any) effects are employed.
Here is a good place to start:
What's the best export format or codec?
Generally, the chosen export format
depends on the intended delivery method.
I would like to know how to get the maximum video quality
Export at the same specs as the original media using a lossless codec. I like UT myself. It's free and plays nice with Premiere Pro at HD resolutions. It'll show up as an AVI codec after installation.
If you have trouble decoding what is in that long and confusing list
of downloads Jim suggests at the link posted above, here is a much
simpler download location for the latest version of the UT codec:
Ut Video Codec Suite (pc or mac)
The test video does not contain any effects, but those should be at a minimum in my real videos anyway. I think I have chosen the H.264 codec - it's the other things I am interested in.
I will NOT be shooting action video, only sermons, lectures, interviews, and maybe some day, I might venture into weddings.