An electronic device includes a video encoding pipeline configured to encode source image data. The video encoding pipeline includes a first transcode engine and a second transcode engine. The electronic device also includes processing circuitry configured to determine a target throughput for a bin stream and determine whether to encode the bin stream using only the first transcode engine or both the first and second transcode engines based on the target throughput. The processing circuitry is also configured to cause only the first transcode engine to encode the bin stream or both the first and second transcode engines to encode the bin stream based on determining whether to encode the bin stream using only the first transcode engine or both the first and second transcode engines.