It’s been a while since I had a Freakin’ Cool App of the Week, but writing this I thought it would make a good entry to the series. I recently found out about another screen capture tool that lets you time lapse video as well as capture screenshots. It’s called VideoVelocity and it might serve your needs better. There is a free version available with some limitations.
It has plenty of options for different times and frame rates. From my short time playing with it, it also seems to be light on memory usage. It can also record from other sources, like a webcam. The resulting video files are quite small in size (not a bad thing), but I’d imagine that would increase if you paid for HD recording. One thing I look for in any program now is a version that can be used without being installed. VideoVelocity provides that.
It’s a little hard to understand the options, but if you play around a bit it becomes easier. My only other gripe is that the preview window can really slow down the computer, but that can be turned off. The free version is limited to standard definition, videos have a watermark, and there’s a recording limit of five minutes per video. The paid versions also come with extra features.