Handbrake can produce a .mp4 file with Chapter info included (Studio cannot).

I use that to convert my P14 BluRay projects to .mp4 - several files - i.e. one high-res for viewing on the AppleTV on the big screen - another "low-res" for viewing on iPads and iPhones.

Saves alot of processing-time also since Handbrake is fast in the downscaling from BluRay project to a 720x420 size .mp4 file - or whatever I want. 

I use the app Infuse (free version is ok) to play the files - and I can jump forwards/backwards to "next chapter". Like it for home videos that I have not done much editing on - just added chapter info on new scenes - and it is then quick to jump to whatever you want to see. On a laptop VLC supports the Chapter info in the .mp4 files and is able to jump-to-next too.

Cee5