It is difficult for me to hear much difference between the two clips. They both have some high-frequency distortions.
Some additional thoughts to help figure this out:
How many channels are in the original content? I noticed in the source code that when two channels are converted to one channel, it just throws away the second channel. So if the original content is stereo, that might be a problem.
When you export, what settings are you using for “Sample Rate” and “Bitrate”?
Video
ID : 1
Format : Sorenson 3
Codec ID : SVQ3
Codec ID/Info : Sorenson Media Video 3 (Apple QuickTime 5)
Duration : 3 min 38 s
Bit rate : 2 109 kb/s
Width : 640 pixels
Height : 360 pixels
Display aspect ratio : 16:9
Frame rate mode : Constant
Frame rate : 25.000 FPS
Bits/(Pixel*Frame) : 0.366
Stream size : 54.9 MiB (85%)
Language : English
Encoded date : UTC 2005-01-11 15:33:32
Tagged date : UTC 2005-01-11 16:21:21
Audio
ID : 2
Format : ADPCM
Format settings, Firm : IMA
Codec ID : ima4
Duration : 3 min 38 s
Bit rate mode : Constant
Bit rate : 375 kb/s
Channel(s) : 2 channels
Sampling rate : 44.1 kHz
Bit depth : 16 bits
Stream size : 9.76 MiB (15%)
Language : English
Please be aware there is a bug in MLT when trying to output mono that I have not been able to solve yet. Sorry, but mono is not much of a priority for me.