Also, I am not using DXVA. I'm wondering if that has something to do with it. Once I enable DXVA, FPS drops slightly below 30 FPS and jitter/drops increase.
60 is result of the DXVA hardware deinterlace. Usually software interlacing is wither bob or weave (if you aren't using something more advanced from ffdshow for example) and by design those two deinterlace modes are only able to provide the 30fps.