No wait, wrong tree. So long as any audio at all is routed through Ozone, the stutter occurs with the Ozone window minimized. By deleting the metronome in an otherwise empty project (or changing to a MIDI metronome), I deleted the only source of audio to the Master bus, even through the metronome was not activated. Since a muted audio track still gives the stutter effect, I'm guessing activating the metronome is like unmuting an audio track.
So, Mudgel, do you see this issue if you have audio routed through Ozone and the Ozone window is minimized (so you see the little window header in the lower left corner of the screen)?