Are you asking, does your current video card settings used have any affect on the quality of the recorded film? Are you talking about your global card settings (eg set in windows), or are your talking about graphic detail options set in the game (resolution, effects, detail sliders etc)??
In so far as what actually gets recorded in the AHF file, i dont think either make any difference. I think you might want to ask someone like skuzzy tho.
The quality of the film playback in the viewer will likely be dependent on the windows settings at least. I don't think they're dependent on the game settings tho, but I'm not sure on this. Again, you might want to ask someone like skuzzy tho in the technical help section.