One option that I haven't seen compared is the combination of JPEG w/ packJPG 
(http://packjpg.encode.ru/?page_id=17).  packJPG can further compress JPEG 
images another 20%+ and still reproduce the original bit-for-bit.

More details on how this is done can be found here:

http://mattmahoney.net/dc/dce.html#Section_616

To me it seems that JPEG+packJPG could be competitive or exceed HEVC-MSP on 
bits/pixel.

Bryan
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