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Drop one MPEG or two hundred. Batch conversion is not a paid feature here.
A file with a .mpeg extension from an old archive, a scientific instrument or a legacy capture card will not open in current software.
The MPEG-1 or MPEG-2 elementary streams are decoded and re-encoded as H.264 in an MP4 container, with the audio converted to AAC.
MPEG program streams have no index. Players scan them linearly, which is why seeking in a long MPEG is slow and why some players report the wrong duration entirely. MP4 carries a proper index, so seeking becomes instant after conversion.
Program streams do not store a duration. Players estimate it from the bitrate, and a variable bitrate file breaks that estimate.
Yes, the same family and usually the same content. The extension varies by whichever tool wrote the file.
Drop one MPEG or two hundred. Batch conversion is not a paid feature here.
MPEG-4 Video is lossy, so the quality control decides the trade between size and fidelity.
Instant, because the file never went anywhere. Nothing expires, since nothing was stored.