I have done some tests in the past and always found unix utilities (gzip,bzip2) give better compression than the backup compress option.
I also prefer storing the last 1 or 2 backups uncompressed so that they are readily available in case of restore.
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I think db2 won't find a backup image with .gz during automatic pruning ( does anyone know for sure? )
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Yes. gzip file will NOT be recognized as a valid backup image.