VP is fast here. If Nat's suggestions don't help, try out an updated version. Retain your old installer, which is usually saved to "C:\Program Files (x86)\NCH Software\VideoPad"
There have been many improvements and backward compatibility is normally fine, but programming changes may cause some inconsistencies in effect/aspect ratio rendering if a project was created with an earlier series.
Another approach might be to completely uninstall, using this tool. Take care to uninstall ONLY Videopad items. Then reinstall, for a fresh start.
Share a project, and others can see how it performs on their PCs. Here's how... http://nch.invisionzone.com/topic/23659-tips-for-getting-help-on-this-forum/
If it contains sensitive material you can link it in a personal message (PM) to me, via the envelope above. Be sure to FILE|SAVE PORTABLE PROJECT AS, not simply SAVE PROJECT.