A common misunderstanding about rendering is that many think you must render for each output that you want. In other words if you need a movie at different compressions and want an image sequence, you must render each separately, Fortunately, this is FAR from true.
Highlight the required sequence in the Render Queue.
Choose Composition > Add Output Module.
Modify the settings to suit your needs.
Save the project.
Click Render when you are ready to launch the Render Queue.