If DXVA is enabled, then the video card is doing part of the decoding.
You are not the only one with this problem. It does not happen to everyone. It can depend on an exact combination of video card, driver version, windows version, application settings, etc.
5.2.0 contained an older version of Media Player Classic, that is the difference. However, the currently included version is supposed to have much better DXVA compatibility. There are less people having problems with this version. I guess you are just unlucky.
I wish I could have a better answer for you, but DXVA simply has its annoyances

I had some DXVA issue myself some time ago. Fixed them by installing the 9.9 driver. I needed to use MobilityModder to be able to install the driver properly.
Which ATi card do you have?