Attached here are two presets for recording SD raw video to mpeg2video with high 30M bitrate and 422p chroma subsampling.
Just a quick working test by me so far.

A m2ts (mpegts) container is used as for the previous hd variant, to easy be able to combine with pcm_bluray audio. As progressive video, none of these are Blu-ray compliant, but merely for use with media-players. My thought next is therefore to make additional .mkv variants of both presets.

Analyzing the Cingg output file with ffprobe:

ffprobe -hide_banner mpeg2sd422p.m2ts
Input #0, mpegts, from 'mpeg2sd422p.m2ts':
Duration: 00:00:20.94, start: 0.020000, bitrate: 33509 kb/s
Program 1
Stream #0:0[0x1011]: Video: mpeg2video (4:2:2) ([2][0][0][0] / 0x0002), yuv422p(tv, bt709/unknown/unknown, progressive), 720x576 [SAR 1:1 DAR 5:4], 50 fps, 50 tbr, 90k tbn
Side data:
cpb: bitrate max/min/avg: 30000000/0/0 buffer size: 25001984 vbv_delay: N/A
Stream #0:1[0x1100](eng): Audio: pcm_bluray ([128][0][0][0] / 0x0080), 48000 Hz, stereo, s32 (24 bit), 2304 kb/s

The 422p@ML for SD is accepted by the equivalent fmpeg command line, and profile=422p works (not 'main') in the preset. It would be fine to use both profile name and level in the preset if possible (?) ('high' was used in for the hd variant).

cat mpeg2sd422p.m2ts

mpegts mpeg2video
cin_pix_fmt=yuv422p
b=30M
dc=10
muxrate=35M
minrate=30M
maxrate=30M
bufsize=25M
bf=2
profile=422p
refs=1

cat mpeg2sd422p.seg

segment mpeg2video
segment_format=mpegts
segment_time=00:10 <= your segment time
reset_timestamps=1
cin_pix_fmt=yuv422p
b=30M
dc=10
muxrate=35M
minrate=30M
maxrate=30M
bufsize=25M
bf=2
profile=422p
refs=1