Adobe Premiere Elements Setting HELP

Hi there,

I'm using Adobe Premiere Elements on my mac...wanting to make my first project (video clips of my child over the last year) which will be played back on both a standard definition TV (My house) and high definition TV (my parents house). My video camera is a Canon HD Vixia HFM41. I have imported the clips into Adobe Premiere Elements organizer and will make my project from there.

When I start a new project in Adobe Premiere Elements, it asks me what settings I want to make the project in. When I go to "change settings" I have the following options under NTSC: Which should I choose for the best quality picture (I will be burning to a standard definition DVD...but I may at a later date want to burn it from the computer using a blue ray without totally redoing the project all over again)

AVCHD
-AVCHD Lite 720p24
-AVCHD Lite 720p30
-AVCHD Lite 720p60
-Full HD 1080i 30
-Full HD 1080i 30 5.1 channel
-HD 1080 i 30
-HD 1080i 30 5.1 channel

DSLR
-1080p
-480p
-720p

DV
-standard 48 kHz
-Widescreen 48 khz

Hard Disk, Flasm Memory Camcorder
-Full HD 1080i 30
-HD 1080i 30 (60i)
-Standard 48kHz
-Widescreen 48kHz

HDV
-HDV 1080 i 30
-HDV 720 p 30

Or the same choices under PAL.

THANKS!