The video effect is definitely the issue on my mac on V26. I created a new sequence with only one effect which was video. It was choppy using avi or mp4 and would shake at the end of the video. Could not get it to loop. The strangest effect was that when replacing one video file with another and then Update, it would play second file which was shorter and then continue with the first one. I set to the various OpenGL versions but behaviours were the same.