I realized I had my settings.txt set to 8192 for shadow quality. Once I set it back to 2048 the depth of the stutter was less. It does seem to be happening every 7 seconds.
Ignore the third stutter mark, that was caused when I hit print screen.
Once I took off the 7 second stutter went away and I had constant 60fps. So it seems Gizmo usuage has no bearing on the fps. This is about as light as the default 172.