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Sort of... What I've done so far is export a final copy in 8 bit (which looks fantastic played back on any number of different players but is 17gb) and then compress that in one of the above tools to a file ranging between 250mb and 1.5gb. All look pretty much identical with horrid banding, though some have been better than others.
The problem is I was getting the same problem exporting straight from the timeline in Premiere (either through the NLE or queued in Media Encoder) which is what made me try the 8bit export in the first place.
That's a screenshot from a file exported in Adobe Media Encoder CC in H264, a Quicktime wrapper, 1920 x 800 pixels, target bitrate of 50mbps with an upper of 250mbps, 2 pass, render in max quality, render in max depth, non frame blending.