OK – you have a lot of issues fighting you for quality here.
1. Slow shutter creates more movement within the field/frame that a faster/higher shutter speed
2. Interlace also has motion in one half the frame (odd lines) and different motion in the second half the frame (even fields)
3. With interlace, you have one set of motion that is half the horizontal resolution of the format being shot. For example an interlace frame of 1080 HD is actually made up of two fields of 1920×540.
This is where hardware-based convertors earn their reputation for higher quality as they do a lot of motion estimation and such when doing conversions.
You can get pretty good quality with software conversions – Twixtor has a good reputation and can be used as a free trial (watermarked).
You can try different motion adapters in Media Composer for different quality, but due to the above 3 bullet points it will not be great.
If you can get away with slomo (20%), then you can deinterlace, have 29.97p frames, then play that back as 23.976 frame for frame.
Michael