For now we've come up with something we're happy with, basically shaving 80px of height from the videos as we embed them, since they always embed in a 4:3 ratio despite being 16:9, which is odd... it definitely cuts down the scrolling needed so that's a big plus, however, it still doesn't solve any loading problems, the page will still load as slow as normal. We'll keep it as is for now, but we've already got a few other ideas we could potentially use, such as the original proposed, which admittedly doesn't look as flashy, but meh.
I don't have loading issues myself, except for the very rare occasion that I find myself in a bad mobile service area. I definitely prefer less scrolling though. So, I'm glad to see you all addressed that.