Tested it on several different clips. Seems to work even better than Avid's Fluid Morph in the early goings.
I was wondering if there is a suggested length for the transition, or at least guidelines on it. In Avid, I would range between 3 and 10 frames depending on the jump between clips. Does that seem reasonable for Premiere? I could obviously keep testing it, but not know the inner workings of the effect, I wasn't sure if someone more knowledgeable had any thoughts.