I use GDIPOB.pas's TGPGraphics class
if Canvas is TGPGraphics, Bounds is TGPRectF and NewImage is TGPImage instance:
Canvas.SetInterpolationMode(InterpolationModeHighQualityBicubic);
Canvas.SetSmoothingMode(SmoothingModeHighQuality);
Canvas.DrawImage(NewImage, Bounds, 0, 0, NewImage.GetWidth, NewImage.GetHeight, UnitPixel);
You can choose the quality VS speed factor by changing the interpolation mode
InterpolationModeDefault = QualityModeDefault;
InterpolationModeLowQuality = QualityModeLow;
InterpolationModeHighQuality = QualityModeHigh;
InterpolationModeBilinear = 3;
InterpolationModeBicubic = 4;
InterpolationModeNearestNeighbor = 5;
InterpolationModeHighQualityBilinear = 6;
InterpolationModeHighQualityBicubic = 7;
and smooting mode:
SmoothingModeDefault = QualityModeDefault;
SmoothingModeHighSpeed = QualityModeLow;
SmoothingModeHighQuality = QualityModeHigh;
SmoothingModeNone = 3;
SmoothingModeAntiAlias = 4;
NOTE: This would require XP or later or bundeling the gdiplus.dll in your installer.