First I would recommend you update to the latest Version 2 release.
In version 2 the goal it to simplify the players, and projectors. So using the 'Movie Player' and the 'Projector' is the recommended actor combination.
Unless you are changing playback settings, you will benefit from AV foundation integration, so if possible I would suggest setting PB-Engine to performance.
(If you are changing playback interactively I would recommend HAP as your codec)