Yes, the jumping is likely because video decode cannot keep up.
What you find is audio plays at correct speed, but video is playing slower, so a/v sink drifts apart.
Once a/v sync reaches a set threshold, kodi will seek (jump) to restart with audio back in sync (but it will obviously drift again).
Your bootloader version does pre-date automatic NUMA settings and SDRAM_BANKLOW will be ignored.
However looks like you are on a Pi4, so SDRAM_BANKLOW=3 was the default so it may not be critical, but it may be worth updating that to be sure.
Setting numa=fake=1 should get you back to pre-numa performance (which I'd expect to be a little lower, but may be worth a test).
Quote
LE 12 nightly-20250116-37e4458 - dav1d 1.4.1, Kodi 21 --> played fine on slow scenes, some "lag/drops" on fast paced scenes
LE 13 nightly-20250205-562de9e - dav1d 1.5.1, Kodi 22, NUMA --> playback keeps jumping every 4 seconds
It might be best to try and find a file that plays well on one of the systems but not the other (something where you can check a/v sync is accurate throughout). If the answer is "struggles on both", then it might just be slightly different thresholds in kodi makes one appear better (but really you can't easily judge which is better when both fail to keep up).
Note: Pi5 benefits significantly more from NUMA than Pi4 (and it's much faster to start with).