I have tried to do it twice now and I get an error message. It took 3-4 hours to compress ? each time. The error message reads : An error occured while creating the omod file. Specified argument was out of the range of valid values. Parameter name: size
Out of Memory most likely - QTP take forever to compress once again..
Here are QTP3 that already in OMOD if you need it
http://planetelderscrolls.gamespy.com/View.php?view=OblivionMods.Detail&id=4721
And here is the QTP3Redimized and Further Reduced OMOD < - Get this Version
http://planetelderscrolls.gamespy.com/View.php?view=OblivionMods.Detail&id=3985