To compress a PowerPoint deck, every picture is measured where it is placed. A photo shown 3 inches wide does not need 4,000 pixels. Pictures are resized to that size at the resolution you pick, unused media is dropped, and the text, layout, animations and macros stay byte for byte.
Both sample decks compressed at all four presets, plus a plain repack that leaves the pictures alone. The photo deck has 10 slides, 6 of them with photos, and one picture no slide uses. The text deck has 4 slides and a single chart.
The six PowerPoint XML variants differ only in one content type and, for the M formats, a macro part. They are compressed the same way.