Yea, that also sounds like a failure to allocate memory for the CUDA Neural Network model. Try splitting the frames into sections in the "Fix OutOfMemory options" panel. If this is not the case then maybe something is wrong with your CUDA.
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From what i've seen in my tests the "Perfect loop" setting doesn't seem to be doing what I would expect it to do. I believe, it should be making an additional interpolation between the last and the first frame in the end of the video. However this mode deletes the last frame and just interpolates the panultimate frame to the last one. Is it how it's supposed to be working??
I can easily bypass the issue by duplicating the 1st frame in the end of the sequence, but it's just very counterintuitive to me.
From what I understand it has to be in the 2x-4x-8x intervals. I think the only way would be to remove every 5th frame of the original footage which would give 24FPS and then interpolate it 2x to 48FPS.
I believe there is a way to do it directly in DAIN with the option "If FPS exceeds [FPS]" but I havent tested it myself.
I am using even a weaker card than the weakest you mentioned. My GTX 860M with ONLY 2GB of vram is doing pretty well in DAIN Alpha 1.0. I'm processing ~3K footage now (2234x1560px) and it's handling it fine. I only have to use some X-Y slicing (currently 4 slices on X and 4 slices on Y so 16 individual segments with 100px padding). Havent noticed any tearing so far.