@bryanb i have the same opinion as you. Raw video (more quality) or encoded video to match the youtube settings it almost make no difference at all. Slightly difference that i notice the raw video more blury and pixelized in some parts (maybe light transitions).
Raw video (start at 0:35) -> https://www.youtube.com/watch?v=C0fAocnRUro&feature=youtu.be
Video encoded with youtube preset -> https://www.youtube.com/watch?v=20BnA1-wHE0
Both videos are far away from the original ones, Raw and encoded, before uploading.