I’m not sure about the size 720×512, but I have seen a check box in compressor that has YUV 4:2:2 color encoding (Not for DVD use).
Documentation from Apple for Compressor 3.
https://documentation.apple.com/en/compressor/usermanual/index.html#chapter=18%26section=4%26tasks=true
YUV 4:2:2 Color encoding (Not for DVD use): Select this checkbox to enable 4:2:2 color encoding. This option is supported in the creation of MPEG-2 elementary, program, and transport streams, but it is only available when the Stream Usage pop-up menu is set to Generic.
I think you should be fine if you set the size and export to uncompressed 10 bit 4:2:2 and then use that in compressor.
Powermac G5 2.5GHz Quad Core