Paying for Too Many Tokens? Valid and Cost-Efficient Multimodal LLM Annotation with Simple Heuristics

Vision-Language Models (VLMs) enable video annotation at scale, but costs accumulate quickly: processing a typical 60-second short-form video at one frame per second requires millions of tokens. To reduce costs, researchers rely on heuristics such as sampling a subset of frames, compressing videos into image grids, or using only a single modality. However, it remains unclear which heuristics save cost, and whether they preserve the downstream conclusions these annotations enable. To address this gap, we conduct a systematic evaluation of these heuristics using short-form videos, on two computational social science (CSS) tasks: sentiment and topic classification. We evaluate each configuration along three axes the literature typically treats separately: classification accuracy, validity of downstream inference, and per-video token cost. First, we find that accuracy and validity diverge: the highest-accuracy configuration can produce wrong conclusions. Second, modality value is not guaranteed: text alone can yield strong performance, indicating that adding modalities can add cost without adding signal. Finally, we find that cost can be decoupled from video length when annotating short-form videos: a single $2\times8$ image grid built via simple shot-transition detection approaches full-video understanding ($κ$ within~.05), at $\sim 15\%$ of the token cost. Based on these findings, we derive guidelines that can enable cost-aware VLM annotation in CSS.