Playback issues after Server Update to Ver. 1.22.3.4392

Server Version#: 1.22.3.4392 (Windows)
Player Version#: 1.31.0.2254-43df1e6e
Plex Media Server Logs_2021-04-25_22-45-22.zip (5.4 MB)

Choppy Video playback after the server update. See attached screenshot and Logs!
Screen Shot 2021-04-25 at 10.44.39 PM|690x431

Update 04/26

Downgraded server to 1.22.0.4163. Still the same issue with choppy video.

Console shows a bunch of transcoder errors. Attaching logs

Plex Media Server Logs_2021-04-26_12-11-07.zip (3.6 MB)

Update 04/27
blew out the full installation for PMS. Re-added media. Still no-go. Still seeing transcoder errors.

Issue is only with MKV file. MP4 files play fine.

Someone please help!!!

@ChuckPa , Out of desperation tagging you. Since I see you have helped many folks like me. I hope you can provide some insight into my transcoder issue.

Thank you in advance.

I had a very similar problem, rolling back from the most recent update to 1.22.3.4392 seems to have resolved it for me.