Megabit, my 4k 10 bit Gh5 footage plays at a decent clip without hardware decoding acceleration (I have an AMD GPU that isn't supported yet, and no quicksync), so something must be up with your setup. I do still proxy for multicam, but just one angle at a time does ok.
Yes - after comparing what people write here with my own, poor results - I come to the same conclusion. But what may be wrong, if in Resolve or Scratch or Nuke I am still getting full 50 fps so easily? This is a long shot, but perhaps the mere presence of 2 GPUs in my system makes Vegas 17 lost on how to use one of them? The 2160/50p files play back at a maximum of some 35 fps, with or without GPU acceleration enabled! The only other possibility is that VP 17 can't work well with architectural quirks of my 2990WX ...