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Reg:selecting suitable Processor/SOC/FPGA

Other Parts Discussed in Thread: TMS320DM6446

Dear TI,
 
We are in process of selecting suitable Processor/SOC/FPGA for the following functions.
 
1. Video compression
        (Input video format: NTSC/PAL)
       
2. Multiplexing(packing) of compressed video data with digital data of 250 Kbps.
        Digital data through RS-422
 
3. Sending out the Multiplexed (Compressed video + digital data) data in digital form
 
Can we use TMS320DM6446 with video decoder for the above requirement. Please see the attached block diagram for the same and suggest us in this regard.
 
Thanks & Regards,
Koteswara rao