Alright, the skinny summary:
HDTV:
Original source --> encoded to MPEG2 by networks --> captured by capper --> encoded using x264 by group
Web-DL:
Original source --> encoded to AVC by Apple (VC-1 by Microsoft/Amazon) --> stripped of DRM and packaged by group
Bluray Rip:
Original source --> encoded to AVC by production --> encoded using x264 by group
HDTV will always suffer a lot because of the lossy MPEG2 encoding. Web-DL has restricted settings using AVC encoder (e.g. Nero, or any other program inferior to x264), and restricted bitrate. Bluray discs also have restricted settings, but probably uses more bitrate than is necessary. So, the quality of Bluray rip depends on settings used by encoder, it will always be better than HDTV, but unless encoding for transparency, it will be comparable with Web-DL.
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