Quote - If it works ...

I'd be more concerned about anything needing fixing up rather than compilation.  

Quote - ... you could rtencode it ...

Wouldn't be necessary, as the source (and only the source, not the presets) is licensed under the MPL (see -> http://code.google.com/p/pw-shaderspider-2-source/), so any modifications/fixes can be distributed without any messing about with encoding (or even compiling).