As shown in the link below the "AVCHD 1920x1080-60i 5.1 Surround" template used to allow saving to MP4.
https://www.vegascreativesoftware.info/us/forum/rendering-mp4-with-5-1-surround--87499/
The "Internet HD 1080p" used to allow saving AC3 5.1 with the video in MP4 format.
https://forums.creativecow.net/thread/24/984759
Anyone know why the heck this MP4 5.1 option has been stripped from program, and am I the only one that sees their value? IMO rendering to m2ts or avc + ac3 and then using another program like Handbrake to get a MP4 or MKV file with 5.1 is an unreasonable unnecessary time consuming extra step, and can lower the quality. Even having to use MKVToolNix or ffmpeg to save quality is not reasonable.