DPGTool is a converter, and DPG videos are already compressed. You won't be saving much space by compressing further.
compress? or convert ? If convert use dpg tools If compress, then it is already at a very low size, I mean 700 MB movie becomes 550 mb while converting, and if you don't have enough space in your memory card then get a big one.
550MB is a pretty damn high filesize for a DPG movie. No need to go overboard on the conversion settings.