I've made installers that do all of that except the C runtime, so I'll look into that tomorrow (it's 3am my time right now) and see what I can find out.
I'm fairly certain that NSIS can do a silent install of another program, so that shouldn't be too hard.
Compression is always something I use, and in fact I always have NSIS compress it every way it can then tell me which made the smallest installer, it's usually lzma.
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