Thanx for all the feedback and suggestions, even on the unrelated altitude topic .
Just to let you know that after converting all 28Mbps 1080p50 video clips from the TM900 to L4.1 1080p50 (unofficial) @ 15 Mbps, PD (still 1424c) was able to finish producing the movie completely! There were quite some video freezes in the final result though, about 15. Peculiar difference is that where with the original footage the freezes were always at the beginning of a clip and lasted the entire clip, now the freezes are also in the middle of clips.
I believe PD has some bugs that the bigger the project, the more they occur. Probably memory related, processes writing outside of their buffers, whatever. So until fixed, I'll just follow the experts' advice and split up my projects in max 20 minute parts.
When I finally have my movie produced without error, I'll try the original project with the 1703 patch (unless I already run into the same problems on the 20 minute parts).
So CyberLink, 3 bug reports:
1) On big projects with 1080p50@28Mbps source material, PowerDirector freezes at undeterministic moments; freeze here means: the program has not crashed, is still responsive on its UI, but rendering has stopped and there is no way to get it to resume.
2) On big projects with 1080p50 source material (any bitrate), PowerDirector produces results with some parts (undeterministic) of video frozen.
3) At transitions between SVRT and Rendering (CPU rendering at least), artifacts are introduced. On VLC, the artifacts manifest themselves as black frames.