I make videos, and film on an iPhone Seven and edit with Sony Vegas Pro 13 and 14. But I haven't been able to edit because the playback lags and skips a ton, making it very hard to see what I'm doing. Any help?
Try rewrapping form MOV to MP4 with ffmpeg. This will make Vegas decode the file with its own compoundplug.dll decoder instead of Quicktime, and playback should be much better. You can convert a batch using the code in the comment below that one.
An ffmpeg GUI such as the ones mentioned in part 6 of this might be able to do it without you having to use a command prompt.