For those with trouble getting the Bluray to play, even after checking that SEI\VUI setting, I have a solution for you.

I took the m2ts file out of the BDMV\Stream folder that tsmuxer creates and ran it through AVCHDCoder (also shrinking the file ever so slightly so it fits on a disc). For me, that disc still didn’t play in one of my bluray players, but after I ran the m2ts file AVCHDCoder outputed through tsmuxer again, everything is great!

I assume I lost some quality by having AVCHDCoder re-encode the video, but I looked very closely and can’t tell the difference myself.

I can’t stress how happy I am with your edit! It’s well worth the time (and extra discs) it took me to figure out how to play it. 😃