I would recommend getting VideoReDo TVSuite H.264. I use this program and it works great. I have tried several different programs over the years and none have done the job as well as this one. This program will allow editing and saving in different formats. I then use different software to burn to Blu-ray. Although right now I am saving in mp4 format to my pc and then streaming to the tivo using stream baby.
Regards
Regards