FPS issues with Resolve

I seem to be running into some FPS issues.

I shot some 1080p 60FPS shots and I put em in the media tab.

The first attempt on my project, the timeline was set to 24FPS. I'm not sure if there's a special setting to interpret the footage, but I dragged and dropped the footage to the timeline and during playback the footage seemed a lot more choppy than 24FPS should be(but maybe it's just my eyes too used to 60?). Is there a special way to interpret the footage?*

*to be clear, I want my 60fps footage to play normal speed at 24FPS, but have the ability to slow it down smoothly.

If I slowing down the footage down to 50% makes it smoother. Going down to 25% and optical flow works makes it pretty smooth as well. Strangely making the footage go down to 50% and optical flow creates issues with the FPS. Instead of a solid 24 during playback, it goes to around ~19-21.

Seeing this issue, I decided to work around it. I'll just edit the footage on a 60fps timeline. However when I do that and playback my 60fps footage, on the top left I get around ~39-41FPS.

Any suggestions on what I could be doing wrong?

Computer Specs:
Win 10 Home
16GB DDR4 RAM
i7-7700k 4.2GHz
Nvidia 1060 6GB

And I went to the settings and made sure I allowed the most memory I could for Resolve.

Thanks!

Did youy check using the provided app that your drives have enough bandwidth?

Try caching.

Did youy check using the provided app that your drives have enough bandwidth?

Try caching.

Which option lets me check of I have enough bandwidth?

And by caching do you mean the render cache? Does it cache automatically.

The 60FPS timeline runs at 60FPS sometimes, and if I just play it back it goes back down to 40fps and starts skipping in and out. I would assume once it's cached, it would playback at 60FPS without an issue.