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I was thinking of doing one. But I'm having trouble deciding what characters to use, I'm leaning towards a Zangief/venom or Red Venom team. Zangief for how quickly he can build meter, I'll be able to start a double attack around a second of the start of the match, and his relatively unexplored combos. Venom for the glitches and some weird infinites.
I've also considered ryu due to how unique he is in this game and his 10+ supers.

Hm, well Ryu is strong but if you already have Zangief on your team then your team will not be lacking in strength so maybe Ryu's talents will be wasted. But that argument goes both ways. On the plus side, Gief has a lot of supers too and he's one of the few characters who can build meter fast enough to showcase them.

Though if you can make the CPU throw a fireball at you, anyone can build meter quickly by suki-canceling fierces. And not that i know anything about MvC1, but the War Machines can build meter really fast too. I hella don't remember the exact sequence but i was Valle's house and someone (i think it was Eric Perez) showed me this this crazy flight sequence where he was building meter like crazy, canceling stuff into other stuff faster than i could identify the moves. Everyone's pretty much sick of seeing MvC1 War Machine combos already but if you can find something new, it might be worth a look.

of course I'll vote for Zangief 'cause I love him...I'd say that during Variable Cross (or whatever it's called), Zangief could do a few unnecessary switches between regular and mecha...that would be pretty awesome. same with comboing his lariat super.

For pure speed, would shadow lady and red venom be the two fastest?

really hard to say who would be quickest for pure speed because the quickest way is not to do any combos, so it would just be a matter of seeing what move did the most damage per second

For a game like this where there's so much to show but you can only use 1 or 2 characters, I think the only smart thing is to set it to EVENT mode. Put in a credit, play a tool assisted vs match, game over. Repeat until everyone is shown. When you are all done it's game over, nothing is left hanging, no need to jerkoff the singleplayer course that no one cares about.

I have no doubt in my mind this will produce a better result than single player and close the gap between TAS and TACV. It's just a matter of explaining to the old farts at tasvideos that it really is better.

well the psx version has a mode where you play as every character and I think that would be preferred over an event mode play around. I just don't like the idea of a 30 minute fighting game tas. I know Zangief has enough to make an interesting 10 min tas but I don't think the rest of the cast would improve it.