I don't know I'm running out of ideas here. Try running the level on another computer, the default camera clips should be ok, if not keep reducing the clip far. Try a different video size and even turn of shadows. Recheck your code for repeated loops that don't need to be repeated.
If these don't help you'll have to wait for somebody else for suggestions as I'm all out sorry .
Windows XP SP3 Intel Dual Core CPU: E5200 @ 2.5GHz 4.00GB DDR3 Ram ASUS P5G41T-M LX PCIE x16 GeForce GTS 450 1Gb SB Audigy 4 Spyware Doctor with AntiVirus