Darcon:Am I correct in assuming that I should get a video card with more oomph?
I am not certain whether "more oomph" would solve the issue... Studio 21 doesn't have any support for the hardware acceleration features of AMD graphic cards (only Nvidia (Cuda) and Intel - I think AMD support was introduced in 23 or 24). Decent Nvidia graphic cards are scarce and expensive at present so IMO not the time to be going out and buying one 
Could you borrow a card from another PC or from a friend? Even an entry-level Nvidia card such as a GT710 might allow you to test the performance/behaviour with Studio able to use hardware video acceleration (provided that the card does actually have the hardware video encoder - some don't (e.g. GT1030)).
Alternatively you could try an upgrade to Studio 25 (though be prepared to invoke the 30-day money back guarantee if you find it doesn't help (or doesn't work properly on your PC))?
Regards,
Richard