Convert .vc1 from a Blu Ray to a workable file in Adobe

I am using Adobe Premiere CC and am trying to edit a .vc1 video I demuxed out of a .m2ts on a blu ray. VLC plays the file fine and Xvid4PSP can load it and work with it as well but premiere wont do it. So i found a program called "VC12AVI" which does exactly what I need by rewriting the headers of the vc1 into an avi without converting the video. The problem with that solution though is that it takes my 7 GB VC1 and breaks it into multiple 2 GB AVIs and that introduces errors at the beginning and ending of the breaks in the video making it useless.

So my question is this, is there a way for my to load that VC-1 into Premiere without converting, or is there a way I can use the "VC12AVI" or similar application that will not break the video apart?

Edit: Actually I just tried that VC12AVI on a different shorter video and it still introduced errors even without having to break the video. So i don't know if the program just doesn't work or there is something else happening.

Edit 2: Upon further exploring the video seems to fine when played back in regular software its only in premiere when things start looking really bad. I also noticed that when I play the .avi file back in Media Player Classic or in Windows Media player it looks far worse than when the same file is played back in VLC. Its much more smeary with considerably less fine detail. I know VLC uses its own decoders but the difference between the 2 is significant and seems like a problem.