Methods and systems are disclosed for providing video content in response to requests in a content delivery system with more speed and efficiency. In some aspects, network monitoring devices may gather content specific and network performance metrics, from user devices and content delivery components, to provide input to a computing device for deciding whether to store or delete different versions of the same or different items of content. The decision may be based on a policy which may include a weighted score based on a combination of usage and network efficiency scores. In other aspects, methods and systems are provided to initially provide to a user device a stored version of a content item, and then switch, as needed, to a different version of the content item using on-demand transcoding.