FCP Proxy footage causes dropped frames, but Optimized/Original does not.
I am using FCP Trial version on M1 Mac Mini (2020) 16GB. I have 9 hrs (273GB) of 4k 30fps footage (.mov files shot on iPhone SE 2020) on an external USB 3 HD which I editing down to 8 mins (lots of timelapse stuff). Imported the footage without copying the files to FCP library (so I'm using files in situ). Moved library to the external drive because FCP would get stuck on the rainbow circle of death when all I was doing was renaming clips before reordering them. Had to force quit FCP several times. Also, 1/2TB is not really enough space to edit that much footage. Then I spent all night transcoding all my footage to 50% proxies hoping that would speed things up. Plenty of room on the external HD.
So now both proxies and optimized/originals are on the USB HD.
Now when I play the proxy footage FCP tells me frames were dropped. If I switch the view from "Proxy Only" to "Optimized/Original", no frames get dropped during playback. This is astounding to me. I feel like I'm in 1980 and have to be a tech expert in FCP just to use the software. What the heck could be going on that 50% proxies drop frames, while the 4K originals do not?
Mac mini, macOS 13.0