Ann,
If I were you, I wouldn't waste my time with Adobe's warp stabilizer. Get Mercalli's stabilizer.
http://www.prodad.com/home/products/video_optimization/300391667,l-us. xhtml.
I really like PP 6.0.3 but certain tools need improvement.
I had 3 hrs. of NASCAR race video to stabilize that was shot as very extreme telephoto settings. Mercalli ripped through it like a hot knife going through butter. No project bloat, no problems for 3 hrs. of video.
I did a short 10 second test. Mercalli took 7 seconds and Adobe's warp stabilizer took 156 seconds. Plus, Mercalli has different modes, like glide camera, rock steady camera that make a big difference depending on what you shot.
It's $249, but if you value your time it is well worth it. I have no association with ProDad - just a happy user.