Make sure that in the Output Module of the Render Queue you turn off "Convert to Linear Light" for 32bit. Then you can render a uncompressed avi, edit in Premiere and compress in Encoder to H264. For best results but bigger files set keyframes at every frame when compressing.
[Tudor "Ted" Jelescu]"For best results but bigger files set keyframes at every frame when compressing."
Please allow me to emphasize the "bigger files" part of Ted's suggestion here.
If you use H.264 with keyframes on every frame, you must not attempt to restrict the data rate.
If you force keyframes on every frame, but also force a low data rate, you'll almost always get worse quality than if you let it keyframe naturally (because no frame can get all the bandwidth it needs to reproduce the original image well).
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