Just export to BD H264 (select a preset) in Premiere and import this into Encore.
Make a BD iso and burn the iso with 3rd party software (like Nero) to dvd.
A SL DVD will hold about 20 minutes of HD footage. You do need a BD player to play this dvd. Won't play on a regular dvd player
There are BD players that will give issues with DVD's with HD content.
I'm looking for a way to be able to watch it on a normal DVD player. Not blu-ray.
Not possible... a normal DVD player will not read a HiDef disc, even if you follow the links in my 1st reply to write HiDef files to a DVD
To play a HiDef disc, you simply must have a BluRay player
Unfortunately, the DVD-specs. do not allow for HD material. As John T. pointed out, one will need a BD player to play the HD material on the DVD. All you have done is used a less expensive disc to basically produce a shorter Duration of BD - just on different media.
Now, many recent DVD players, and a lot of BD players can do an amazing job of up-rezzing the SD DVD material, for display on an HD TV - Not BD quality, but better, than that DVD would have appeared on a non-up-rezzing player.
So my point is, if the stuff is affordable, why to go thru hoops and humps and complexity to create BD disks, if it could be done just the way it is meant to be done? Unless you have a lifetime supply of DVDs, or hard core DVD fan.