my bad i never noticed that part you powered it externally,
Its a tough 1 to judge, is it flickering or is it reacting to the dodgy video source Hyperion is picking up.
your going to need to do some digging on the device, see if its all installed and supported and what it actually supports then tweak your Hyperion info from there. You could try enabling debug logging in the Dashboard but chances are its going to point the finger at the capture device
do you know how to run commands on the pi terminal?