Gil--good idea. I tried what you suggested--setup new sequence dropped two effects on a few props, set some manual timing marks, then played the sequence music and got the hang as is the case with other sequences. I had tried another sequence as a troubleshooting step and I got the hang on that one too.
Here is a bit longer video that shows the sequence not hanging when selecting effects under the "good" conditions shown in my earlier post, then hanging when selecting an effect with timing marks showing up in the sequencer panel and after having played the sequence music in the sequencer.