Since the release of VegasPro14 with the Mercalli 4 Plugin, I'm not able to get good results when trying to stabilize interlaced footage. The results are always worse then the originals. When stabilizing the same interlaced footage with the Mercalli 4 SAL (demo version) the results are always perfect.
By accident I found a solution for this, in my opinion, Mercalli 4 Plugin bug. When the project settings of Vegas are set to progressive instead of interlaced, interlaced footage on the timeline is correctly analyzed by the Mercalli 4 Plugin and the stabilizing result is as perfect as with Mercalli 4 SAL. After completing analyzing all interlaced events on the timeline, you can reset the project settings back to interlaced and render your perfectly stabilized interlaced project as usual.