The pipelined DSP made its debut in 1.0.6, and the GUI references refer to 1.0.7 which hasn't been officially released yet. Oops!
There's an unofficial build posted in another active thread (I'm sure you can find it) if you want to look at 1.0.7, but if you don't, then you'll have to edit the vj.cfg file in order to turn the pipelined DSP off. The relevant line should look like:
Code:
# If DSP enabled, set whether or not to use the pipelined core: 1 - use, 0 - don't use
usePipelinedDSP = 0