Thanks very much for the screenshots. Something is defintely wrong with the timeline preview of the C/Z/P tool.
The quality of the skateboard clips is pretty low, so I tried an HD screen capture clip from a 4K monitor. On one clip I used the C/Z/P tool to create a similar shape as you did, then I used the Mask Designer and PiP Designer to do the same thing on another clip.
Here's the view in the Crop/Zoom/Pan tool:
And here's the timeline view. It's completely unusable:
Meanwhile, the timeline view of the manually masked, zoomed and panned clip looks like this:
I've packed my test project and you can download and examine it from this OneDrive
folder (no need to sign up/log in).
I think this needs to be reported to Cyberlink, and until they can confirm the problema and release an update, your best bet is to use the PiP Designer (and Mask Designer, if needed) when zooming in tight like this.
The C/Z/P tool seems to work acceptably when zooming in to somewhere around half the screen, but the quality becomes unusable if you need to zoom/crop smaller areas than that.