That’s what he’s saying - disc 1 would be the SE in 4K, disc 2 the SE in 1080p, disc 3 the OT in 1080p, and disc 4 is extras (in 1080p). The standard BR release would just drop the 4K disc.
Exactly, which would once again be giving the two versions unequal treatment (both versions get 1080p but only the SE gets released on UHD).