Switching to an NVIDIA card did not help. I still get the flashing throughout the video. On a whim I turned off KDE's compositor and the flashing stopped, but I ended up with a black screen rather than video. I installed the LXQt desktop and was getting the same thing: a blank screen when video was playing. (Bear in mind the same videos play fullscreen when opened directly in VLC.) I enabled LXQt's compositor and videos now play—with a single white flash in the upper left corner of the screen when pressing play.
In my experience OpenLP is not usable in GNOME (my preferred environment) because GNOME devs won't allow disabling the overview on secondary monitors, which means any other activities that require opening apps, etc., interfere with the display of OpenLP. Now KDE seems to be unusable with OpenLP. Am I missing something? Surely others use KDE with this app. What am i missing?