Fred, that spec doesn't make a whole lot of sense to me, either. The phrase "Format version" is utterly meaningless.
MPEG-TS (part of the MPEG-2 standard) can technically hold MPEG-1 Part 2 video, but I don't know which of the mainstream encoders would actually let you do that.
5 Mbps seems low to me for MPEG-1/2 video at that frame size.
And is the DAR really 1.22?
When I get a really bizarre spec like that, I usually just ask for a file they have that plays well and take a peek at it myself.
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