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Maybe the discussion could be "How can I make my digital production feel more like film?"
In that case there are a bunch of things you can do to sweeten up that video...
do what works for your production - heck even if its SD, up size it to HD keep the grain, compression etc... make it work for you instead of seeing it as a limitation. (make that your style!)
if you are using After effects - I recommend grabbing Colorista free from Red Giant (http://www.redgiantsoftware.com), just register in the downloads section and you get access to all the free plugins (even the full suite is fairly cheap though)
Its great for adjusting the white balance of your footage in post and for adjusting your color grade so easily along with throwing on a S-curve to give that film look this will really boost the prod value of your footage.
Another great trick after you have done this is to duplicate your layer and put your blend mode to Softlight adding a gaussian blur to that layer (this will add a sort of soft dreamy look to it)
To give you an idea of what you can do in color grading to change the feel of your footage. (we add noise,grain, scratches etc as well to really dirty up our footage)