Here are my findings on the computer spec'ed below. I did nothing with the original file except place it on the timeline. Using PS23 Ultimate.
ORIGINAL FILE
Size: 3.88GB
Timeline Settings: 1920x1080, 29.91 (30P) NTSC
Export Settings: Same As Timeline, Peak Bitrate 23MBit/s
Export Time: 6 minutes 15 seconds. GPU usage in the upper 90% range. CPU usage 20%
Exported File Size: 3.65GB
Result: Playing back exported video with both Windows Media Player and VLC, experienced OOS (Out Of Sync) issues from 3 minutes onward with the exported video. Making the exported video not usable.
HANDBRAKE CONVERTED VIDEO
HANDBRAKE SETTINGS: Video Tab
Video Codec: H.264
Frame Rate: 29.97, CONSTANT
Constant Quality: 22
Converted File Size: 1.03GB
Convert Time: 17:30, 41FPS average at the end of converting.
Nothing else was adjusted in Handbrake
Pinnacle Studio 23 Ultimate with Handbrake Converted File
Timeline Settings: As as above
Export Settings: Same As Timeline, Peak Bitrate 6Mbit/s
Export Time: 12 minutes 30 seconds. GPU usage in the upper 68% range. CPU usage 18%
Exported File Size: 0.97GB
Result: Exported file played back correctly with no OOS issues.
Additional notes: Playing back the original file in WMP, there is no audio on my computer. Playing it back in VLC, audio was ok. Also, noted (looking on a 27" 4K monitor), the blue lit wall in the background was "cleaner" after converting in Handbrake, giving the finished product less "background noise" that was noticeable on my monitor. If I have forgotten anything else, I will add it in the reply.