I know this post is fairly old but really glad I found it!
Put together a monster PC, AMD Rayzeon 9 3800 Proc and 5700XT Graphics.
Hoping for great performance but struggled scrubbing h.265 4K
Monitored the GPU and hardly used at all although it plays at normal speed perfectly.
Next test was to play in the standard Windows 10 viewer, plays perfect, simulated scrubbing with the timeline bar, perfect!
OK I get it, fantastic free use of a great product but I understood that the rendering output is restricted to below 4k, would be nice to know that use of GPU was restricted during editing too, it gave me the impression of poor performance or a problem with settings.
Much time wasted coming to this conclusion but willing to buy the full studio