Thanks for the feedback.
Unfortunately, the 3800 Mb export I told you about did not include audio at all- this was strictly a video export (I used to use A Pac to export my audio, but now a Dolby 5.1 AC-3 audio preset is available in Compressor 2).
What really baffles me about Compressor 2 are the inconsistent results I keep getting. Last night I left 2 timelines exporting, both about 2 hours in length… I used the same average data rate for both, and one of them was 2.9 GB while the other was a whopping 4.6 GB.
Until I find out why I’m getting these varying results, I’m just going to scratch batch exporting from Compressor 2 and export using a Quicktime Conversions within FCP5 for each timeline individually.