Your figures got me to delve into some records I have been keeping. I do remember vaguely seeing something about changing compression I guess it was for mylivecd. I do not know much about mylivecd I just blunder through using something like: mylivecd 110422-minime-backup.iso from root terminal, if I am adventurous I my battle through and make the full pass to its real resting place.
I am using a twin engined Intel 2.4GHz with 4GB RAM
Tue April 19 2011
Bit of long time not much happening since last update, but have recovered my /root/.kde4 and /home/gert/.kde4
My customsettings are all back I think so I am ready for another big update
First a backup
[root@localhost gert]# mylivecd 110419-minime.iso
mylivecd, version 0.9.3, http://pclinuxos.com/
Copyright (C) 2010, Texstar <texstar at gmail.com>
Creating initrd: [ 19.66% 00:00:00/00:00:00]install: cannot stat `/lib/i686/libpthread-2.10.1.so': No such file or directory
[============== [ 21.37% 00:00:00/00:00:00]install: cannot stat `/lib/i686/librt-2.10.1.so': No such file or directory
== [100.00% 00:00:04/00:00:04]
Setting filesystem parameters: [100.00% 00:00:02/00:00:02]
Creating compressed image: [100.00% 00:11:42/00:11:42]
Creating isolinux boot: [100.00% 00:00:00/00:00:00]
Creating final iso: [100.00% 00:00:43/00:00:43]
Embedding MD5 checksum: [100.00% 00:00:26/00:00:26]
Restoring Services on the installed system
Created '110419-minime.iso' (2225,225,728 bytes) in 00:12:59
[root@localhost gert]#
The reason for the big size is I have forgotten to re-locate one backup iso outside the system. Not important to me as in a short time I am not likely to need it.
This system was fully backed up on:
Commit Log for Thu Mar 24 17:17:43 2011
This update cost me my custom settings and I left it well alone.
Since I did very little Linux work, house maintenance called (still does, but a little test job sneaked in last few days). This testing on LiveHDD installs had one benefit to very smartly in matter of minutes recover my custom settings. (Happy me

)
As a follow on the testing deserved to be done on a fully updated system. Update done on 19 April. One other change took place, due to unbelievable problem with radiotray (not working at all) I also added Clementine (worked just great)
Further I removed the ISO before I made another mylivecd, to be used with the LiveHDD testing.
[root@localhost gert]# mylivecd 110422-minime_backup.iso
mylivecd, version 0.9.3, http://pclinuxos.com/
Copyright (C) 2010, Texstar <texstar at gmail.com>
Creating initrd: [100.00% 00:00:04/00:00:04]
Setting filesystem parameters: [100.00% 00:00:04/00:00:04]
Creating compressed image: [100.00% 00:21:58/00:21:58]
Creating isolinux boot: [100.00% 00:00:00/00:00:00]
Creating final iso: [100.00% 00:00:20/00:00:20]
Embedding MD5 checksum: [100.00% 00:00:13/00:00:13]
Restoring Services on the installed system
Created '110422-minime_backup.iso' (1331,068,928 bytes) in 00:22:39
[root@localhost gert]#
I am just curious and had not really taken notice earlier that apparently a much smaller system now doubled the time for iso generation. I do not understand most of all this I just happened to make detailed records for the MiniMe system I am testing with at present.