Two entirely different issues here: (1) “best playback on a PC” and (2) “to preserve the files”. The second issue is easy: If you are pulling the raw files straight off your camcorder, then the native format they are already in is the best and only archive format you should consider, sans any sort of editing at all.
Now, as to the best playback, editing your video and file size, that depends on your source video, but I’d bet rendering to an H.264 (MP4) file will give you the most bang for your buck, in terms of file size vs. quality. Again, this depends on your source (SD? HD?), but a 10-20 Mbps data rate is a good guess. Keep in mind, this is a high-quality distribution format and not and archive format (although it will look really really good!). Keep your raw files and keep your project files and you’ll be able to render out to whatever super new format comes out next year!
Anyhow, I think the experts here will need a tad more information to give you more specific recommendations. For example, a 1 GB file might be large or not: How long is it? A 30-minute video in 1 GB is pretty small! Is it SD? HD? What kind of camera (manufacturer/model)?