It seems that is depends on the original content of the video files.
This is true in many cases since the encoder is context adaptive. Increasing the quality setting, for instance, can push the preset target video data rate beyond the limits of the TV1 player. (E.g., a setting of 17 once pushed an old 4:3 B&W file data to nearly 9 Mbps.) In addition, modifying the basic TV preset using advanced settings can force the profile level to 4.1 or so which is also beyond the stated TV1 limits. In the case of the former, it is easy to figure out what is wrong. However, the latter is more difficult to detect without the proper software to read the file internals.