Before exiling the Xeon rig to a far off corner in the lab...
consider a clean install of
Win 7 Win 10 (no updates, no internet connection, no nothing) and Vegas 14, and nothing else,
on a separate hard drive, be it SSD and or fast hard drive, and go from there
Pretty sure you can install Vegas 15 alongside 14 later (in Program Files > Vegas folder/dir ) and run with either (or both!) and compare
It's just over one hour to set it up on a new or spare hard drive, and may save money and further frustration
I can't see how pulling one of the processors is going to improve performance
but may be worth a shot if only to lay it to rest
If you go for an AMD Ryzen, hit the AMD user and gamer forums and find out what exact components will give good rendering speeds,
if you're lucky someone's already done it,
or post the question.