I've just finished downloading AonE's version of Naruto 95-96. So far, from what I can tell AonE's version is sharper than ANBU's version.

However, I noticed AonE's version tends to get pixelated in some scenes. For example look at AonE's version at time 4:31 to 4:33, just before Naruto's sight get's blurry, you can see some pixelation.

Now look at the exact same scene in ANBU's version at time 4:26 to 4:28 and you can see there is no noticable pixelation occuring.

There are plenty more scenes where AonE's version starts to pixelates, just watch the intro (times 1:07 to 1:09 is a good example).

I'm not very knowlegable when it comes to video encoding or editing, but to me it almost seems that AonE's version is so sharp that pixelation occurs.

ANBU's version is not as sharp or bright, but I think this helps the video transition better that overall you get a smoother scene.

It's definitely a toss up, do you want a sharper image or a smoother video? For me personaly, the pixelation bothers me a lot.

Edit: I'll have to watch both episodes again to give my opinion about the translation.