RE DVD: I'm not sure why you'd render in 720P (1280x720) when the specs for DVD-Video is 480P (720x480). Chances are your playback device is more than adequate about upscaling a 480P source, and you are increasing file size. There's a lot of DVDs that have different interlacing methods (that were 480i instead of 480P)...so I've found the main important settings for DVD is using software that can properly automatically set de-interlacing. Or if we need to have more specs about DVD formats, 720x480 resolution was for NTSC (at 60hz interlaced, 30fps or 24fps progressive pull downs). 720x576 was PAL (at 50hz interlaced, 25fps progressive pull down).
Then for broadcast HDTV, ATSC standards included the two HD resolutions: 720P (1280x720) and 1080i (1920x1080) at roughly the same bandwidth (720P favored for sports channels to have 60fps, while 1080i favored for movie channels to have greater detail at 1080 30fps). When I got my large screen plasma HDTV, they weren't yet fully 1080 resolution (mine had its own that was in between 1080 and 720). To deferientate later HDTVs, manufacturers then did advertise how they were "full HD" (or 1980x1080 native resolution). I did find that to be mainly marketing, as I spent enough on my earlier HDTV that the picture quality still looked better than a lot of newer TVs due to its processing and color reproduction. Later, when I was buying 1080P devices like HD-DVD and then blu-ray...they were devices that converted 1080P to my TV's 1080i input. I did find that the TV's de-interlacing and scaling to give a much clearer image with 1080i/p sources than 720. I'm reading that ATSC 3.0 standards do include broadcast channels being 4K/HDR. There's only been one TV station in the US that has had a 4K demo with these standards. South Korea has led the pack by actually having a channel in 4K. I'm guessing there may not be as much of a push here in the US, as more people are cutting cable and channels are becoming different streaming services.
I'm not familiar with any release of Gravity in 4K (blu-ray.com doesn't list a release, and streaming services don't have one). The best specs it has is 1080P with Dolby Atmos surround sound (so that could be the one that's a couple gigs, as it's also 1.5 hours long). Kind of funny that it does have a lot of positional surround sound while out in space, when technically there is no sound in space (granted in many scenes it seems sounds may be isolated to different radio sources or reverberations). Interstellar is 2 hours 50 mins and is 4K Dolby Vision (streaming, HDR10 on UHD disc). If you're getting the HDR space I'd be expecting around 20GB or so (for that length and REC.2020 color space). Barring even that movie's length....yes, adding HDR and lossless audio (as you would to keep True-HD for Dolby Atmos on a disc) does significantly add to an acceptable compression size on modern equipment (on top of 4K resolution over 1080P that is 4 times the size).
I can respect your decisions for finding software that's free. DVDFab is not the most intuitive, but I do find that when you do get into custom profiles and set encoders, it's accurate in estimating file size. It's also not the most intuitive about subtitles, but it does have options for using an external srt, remux subtitle stream, or render in video. In the past, I found it wasn't good with encoding h.265 with ATI video cards....but it does fully utilize CPU and NVidia cards for faster h.265 encoding.
When it comes to HDD sizes, 20TB is especially feasible now. The largest HDD I have is 14TB, and I see on Amazon that there is a single external 18TB WD drive for $340. Wonder if a 40TB drive might be delayed with current economy/semiconductor shortages (effecting controllers and probably some other fabs).