So I'm double-posting to let you all know of a new development: The issue only happens after my system wakes from sleep or hibernation. Restarting the computer resolves the issue temporarily, but the issue returns the moment it goes back to sleep/hibernation and wakes back up.

For now I've disabled sleep and hibernation on my system and just leave it on unless I'm leaving the house or going to bed, but this is not an ideal long-term solution given the cost of electricity in Hawaii and the way I use my system.

Further help in isolating the cause of this issue would be greatly appreciated, but it's not quite as urgent as before.

The error has changed, but the behavior of my issue is still the same. MPC doesn't crash after a few seconds of playback anymore, but the video is not enhanced by SVP and the player crashes when closed.

The log entry for the new error is attached.

Same error (the script file keeps changing though), but now I'm getting some crash dumps as well.

https://drdump.com/DumpGroup.aspx?DumpGroupID=915198
https://drdump.com/DumpGroup.aspx?DumpGroupID=915199
https://drdump.com/DumpGroup.aspx?DumpGroupID=915203

Here it is.

I just have Microsoft Security Essentials, nothing fancy

The script file is indeed in the mentioned directory.

I've been trying to solve this issue for a while now by first going back to 32-bit from 64-bit, then by reinstalling SVP, then by uninstalling every component before reinstalling, and even by deleting AppData folder contents.

Despite my efforts, I keep getting the same yellow text error at the top of the video seconds before MPC crashes.
I also have log entries for when this happens.

What else can I do to troubleshoot this? Is there a known solution that I missed?