Subdesu was rejected iirc, though I don't remember the reason anymore and if that decision may be reconsidered...
It was probably deemed worse than the alternatives (HorribleSubs), but I can't remember the exact reason for rejection. The timing was all over the place (lines not linked) and the subtitles were exactly the same (for the episodes that I checked) as HorribleSubs, except with split lines and shorter timing duration and as such harder to read.
The person who offered said something like that they were going to look for a solution with a mod when they had more free time, but I don't know what happened after that.
If the above hasn't happened, then the best bet would probably be for someone to offer HorribleSubs 480p, or make a release of their own.
Curiously, Commie has since released an episode of this series since then.