Thanks for the tips, here is what I have been able to do.
Take the original Video encoded at 11.1Mbps and 4.4gb, using PowerDirector I can rencode at 10Mbps and get a file now about 4.1GB.
I then use the "produce disc" module and create an AVCHD disc, my only problem is if I select a 4.7GB AVCHD it still thinks it is to big (as it calculates the final disc size encoded at 15Mbps), so I have to select the 8.5GB AVCHD option, burn it to a directory and then burn that directory to a 4.7GB disk using an external program like Imgburn.
The "produce disc" does use the SVRT, and the final encoded video does come out at around the 10Mbps and does not actually rencode at the 15Mbps it tells me it is going to do.
It would be nice if the "disc size" calculator was correct so I did not have to do the extra step, is this a "BUG"?
Rick