i’m not going to say immediately you’re wrong. in fact, if you’re pixel peeping and don’t see much changing, I can’t really argue with that as there are some forms of h.264 that can do 4:2:2, 10 bit, but most is 4:2:0, 8 bit so even if your eyes can’t see any loss, the computer can. It won’t be able to green screen key as well or composite high contrast areas.
theoretically, a high bitrate h.264 4:2:2 is no worse than any other DCT encoding codec. And there’s even a 100% lossless 4:2:0 h.264 variant that is as big as uncompressed.
continuing from my initial guess, your eyes can’t see the damage, but if you don’t need to key, heavy color correct, and only need a 1 generation copy and export, and it makes you happy, then that’s fine too. it’s not wrong if it works, I just wanted to make you aware of possible problems down the road.