There are two different types of FCP files: (1) Media files and (2) Library bundle.
The media files are read-only and are never changed (except for cache). I/O pattern to the media files is large sequential reads. The library bundle is essentially a folder hierarchy that contains many SQLite databases. There is a constant stream of small random reads and writes to the library.
Both media and library should be on directly attached HFS+ or APFS volumes. Ideally this should be APFS, even for rotating mechanical drives. The prior advice about APFS being only for SSDs is out of date. The media and library should not be on ExFAT, NAS, Cloud or any other storage type -- especially the library.
The only meaningful symptom we have to work with is "render circle/check box keeps glitching." That could be almost anything. This message alone does not uniquely indicate some type of file corruption.
We need to know the year and model of your Mac, the version of macOS and the version of FCP. Also, make sure you have plenty of free space on all drives, especially the system volume.