A very good question. I believe there is a way of integrating the two so that the Premiere export streams through TMPGenc.
However, I've never understood the necessity of the prog. Given that, for your purposes (and mine) it's not doing anything you can't do with the MPEG2 encoder that comes with Premiere, why use it?
I asked this exact question of these forums and did not get a single reply.
I know a ton of people use the tool but no-one could (or would) tell me why they use it over what can already be done in Premiere. Unless it has a role outsaide of Premiere of course...
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