I think I had this issue myself on 11/10 when watching a basketball game recorded from ESPN (TV Everywhere on 11/9). I fell back to watch the recording from YouTube TV as the Channels recording was unwatchable.
Playback Device Apple TV 4k (2017 model), set to NATIVE FPS output, connected to a 1080p Projector that will take 24/50/60 FPS input.
When I went to the stats for the video feed it showed a display FPS of 24 and a recording FPS of 60, resolution of 720p. The AppleTV was outputting 24 and the projector showed 1080p24. So basically the Channels renderer was taking a 720p60 recording but outputting as 720p24 which led to extremely choppy and unwatchable playback.
I haven't tried to watch a sports recording on that device since so it may be fixed now but was problematic on 11/10. I do not recall having this issue prior to 11/10.
Update 11/16, I tried to recreate this issue last night and it seems to only apply to that one particular recording. I checked other Basketball and football games recorded off ESPN and similar channels and they do not have this problem. This particular recording also shows a frame rate of 24.00 frame/second in properties when looking at the .mpg file in Windows explorer. The other files show either 59.94 or 60.00. So the issue seems to be a bad flag on that particular recording rather than a larger driver issue.