mpv comes with a bunch of hardware decoding options, but the selection in SMPlayer is very limited.
Depending on the system and input it may be of advantage to be able to select from a wider selection.
Alternatively, a text field for custom input could be added.
As of now, mpv is ignoring any duplicate defintion of the hwdec argument, so adding one manually to the commandline does nothing.
I've just added the rest of options (svn r 8462).