You should do the testing yourself at different levels of JPEG compression, but I noticed that I can improve ImageMagicks image quality to 75 and still do not see a noticeable difference - with about 30-40% file saving.
My model looks like this:
has_attached_file :photo, :styles => { :"185x138" => { :geometry => "185x138>" } }, :convert_options => { :all => "-auto-orient", :"185x138" => "-quality 75",
-quality 75 for ImageMagick. If you use a different processor, you will need to configure accordingly.
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