Syphon Virtual screen is a tool to share video output in applications that can go full-screen but are not yet Syphon-enabled. The framebuffer resides in CPU memory, so maybe it could not be the best solution for heavy video processing: every frame has to be uploaded to the GPU RAM to be published on a syphon server, and this is a (relatively) slow operation. The best would be having native Syphon support in the application you target of course, but if you're here it means you can go that way.
A small portion of drive space on your new My Passport or My Book hard drive.
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