Using a 2.0 ghz intel Mac mini with Snow Leopard and QuickTime 7 legacy codecs a year ago, I followed all the instructions from the link bbraun posted to convert existing files to play on my Mac Iisi, SE/30, and Classic II. I had great results using Cinepack at 320x240 12-15 fps and IMA 4:1 audio.
Keep in mind that they used AV SCSI hard disk drives back then, optimized for bursts. Storage space was at a premium as the files get rather large Some apps back then segmented larger files as to not go beyond 2 GBs in file size.
A good amount of real RAM is needed and it’s best to turn off Apple File Sharing and Virtual Memory and keep a plain background for the desktop. I’ve always used real hard drives so I’m not sure about results using scsi> sd . I have a 23 Gb scsi drive stuffed with videos for my vintage Macintosh computers. They do not play well over the 10 MB network best to play them locally.