[guided]The $S_\delta$ case follows the same structure, but we must track the derivative loss in powers of $h$. Fix $\delta$ with
\begin{align*}
0 \leq \delta < \frac{1}{2},
\end{align*}
and assume $r \in h^\infty S_\delta(m_1)$ and $a \in S_\delta(m_2)$. For a chosen $N \in \mathbb{N}_0$, residual membership gives
\begin{align*}
r_N:T^*\mathbb{R}^n \times (0,h_0] \to \mathbb{C}
\end{align*}
with $r_N \in S_\delta(m_1)$ and $r=h^N r_N$.
For each pair of multiindices $\gamma,\eta \in \mathbb{N}_0^n$, the $S_\delta$ estimates provide constants $A_{\gamma,\eta}>0$ and $R_{\gamma,\eta}>0$ such that
\begin{align*}
|\partial_x^\gamma \partial_\xi^\eta a(x,\xi;h)| \leq A_{\gamma,\eta} h^{-\delta(|\gamma|+|\eta|)}m_2(x,\xi)
\end{align*}
and
\begin{align*}
|\partial_x^\gamma \partial_\xi^\eta r_N(x,\xi;h)| \leq R_{\gamma,\eta} h^{-\delta(|\gamma|+|\eta|)}m_1(x,\xi).
\end{align*}
Apply Leibniz' rule to $\partial_x^\alpha\partial_\xi^\beta(a r_N)$. In the summand indexed by $\gamma \leq \alpha$ and $\eta \leq \beta$, the two derivative orders add as
\begin{align*}
|\gamma|+|\eta|+|\alpha-\gamma|+|\beta-\eta|=|\alpha|+|\beta|.
\end{align*}
Thus the two $h$-losses multiply to exactly $h^{-\delta(|\alpha|+|\beta|)}$, not to a worse power. Define the finite Leibniz constant
\begin{align*}
C_{\alpha,\beta,N,\delta} = \sum_{\gamma \leq \alpha} \sum_{\eta \leq \beta} \binom{\alpha}{\gamma}\binom{\beta}{\eta} A_{\gamma,\eta}R_{\alpha-\gamma,\beta-\eta}.
\end{align*}
Therefore, for all $(x,\xi,h) \in T^*\mathbb{R}^n \times (0,h_0]$,
\begin{align*}
|\partial_x^\alpha \partial_\xi^\beta(a r_N)(x,\xi;h)| \leq C_{\alpha,\beta,N,\delta} h^{-\delta(|\alpha|+|\beta|)}m_1(x,\xi)m_2(x,\xi).
\end{align*}
Hence $a r_N \in S_\delta(m_1m_2)$, so $ar=h^N a r_N \in h^N S_\delta(m_1m_2)$. Since $N$ was arbitrary, $ar \in h^\infty S_\delta(m_1m_2)$.[/guided]