Thanks Danny, I ended up doing just that!
I rendered out of Vegas as 720×480 mainconcept mpeg2 NTSC template into individual files (I am editing and authoring old 8mm/VHS/VHS-C home movies). This does not trigger a video re-encode or re-render in DVDA. I then created a blu-ray project in DVDA, changing the project properties’ aspect ratio to 4:3 and the resolution to 720×480. I left the format to mpeg2 and the bit rate to 18Mbps. The Audio I changed to pcm 48,000, but DVDA does re-compress this from the original Vegas file (only takes a second).
The quality is about what I would expect from 8mm home movies on an HDTV, which is acceptable. I am able to fit quite a few on each disc, which is one goal that I had. The project also burns very quickly. Thanks again for your help. I did look into Multi-AVCHD, but in the end DVDA did what I needed.