Wow thats impressive! Is there any loss in the visuals?
Not really that I could tell, but then again, my monitor is only 3440x1440 and not 4K to do a side by side comparison... having said that, with any compression for video or images, like JPEG, there is always some kind of loss in quality... I did not notice much difference in the two videos so far, but there could be... also, you can always try different settings on the encoder to achieve results better suited to your needs. I for one liked the smaller file size at the 120 FPS so that, if need be, I could play the file on a not so high end computer hooked up to a nice 4K monitor and have it play several videos on a shuffle playlist...
Back to the issue of the Enscape videos stuttering/skipping frames... I think it is only a matter of either adjusting the codec settings for the MP4 container and/or the video stream inside the mp4 container. (Each stream inside a video file can have their own codec... MP4, AAC, MP3, HEVC, etc, etc, etc, etc).