Everything down from Uncompressed down degrades the picture.
You may see it or not, but compression is there.
[Mark Fanjoy]"I recall reading somewhere that depending on the BIT rate, it is a waste of space to ingest with a higher codec when the lower codec will capture a lossless picture just fine."
That statement goes against all the laws of the physics .
If a low data-rate is enough, why to bother in adding higher data-rate options?
What are for Uncompressed options?
There is trade data-rate/quality; is to you to chose what is more convenient for your workflow, but be aware of the pros and cons.