@Rogan Thoerson: thanks for sharing. I can reproduce it in v0.16, but in latest revision from our repository it works fine. So the issue seems to be fixed already. We changed a lot in terms of black and white level - there was a very tiny bug in MLVApp, but also ML for 7D is not correct here. But with latest revision you can correct the wrong levels of 7D clips (whitelevel is stored as 16200 @ ISO100 but is somewhere around 14300 on the 7D I tested and somewhere at 15500 on yours). With correct whitelevel highlight reconstruction for 7D clips also works fine.
So if you are on Mac, Danne wrote a compiler app and you could build the latest revision, or you would have to wait some days until we release v0.17.

Edit: The blacklevel is also wrong: it is 2414 in this file (uncorrected) and with 2048 all is fine. Maybe here was the problem, because the RAW-Correction part was working with the wrong uncorrected blacklevel until last week. That is fixed since some days.

Is it correct you filmed the clip with a 1/0sec shutter?! For me that seems wrong too.
A button for loading video to RAM is not there, but a submenu: "AMaZE Cached" can load the debayered clip into the RAM until a memory limit is reached, only processing is done when being played.