Slow and laggy frame animation when frame delay is above 0.07s

As title says, I have an issue with frame animation in Photoshop CC 2019 being very laggy and slow whenever I set delay between frames for more than 0.07s! When I export them as gifs, they seem to play correctly, the animation only appears slow and choppy in Photoshop. The same goes for any gifs I open in Photoshop that have frame delay bigger than 0.07s. This is a significant inconvenience for me as I prefer to use frame animation over video timeline whenever I make gifs in Photoshop and had no trouble in the past regardless of delay. I tested it with earlier versions of Photoshop and everything seem to work fine in Photoshop CC 2017.

My specs: 8GB Ram, Windows 10, Intel Core i5-4690, Radeon RX 580, both system and Photoshop are installed on SSD.

Guys, help me out if you can, I will be very grateful! So far I tried pretty much everything I found on the internet performance wise and nothing worked out.

Edited to correct delay time number by: Amelia