In general, prosumer camcorders (or nearly ANY camcorder) cannot perform single-frame timelapse due to the complexities of internal editing accuracy issues.
While a FILM timelapse would reveal as “smooth” right out of the camera (after processing) without editing.
The prosumer camcorder’s tape is NOT smooth right out of the camera. (i.e. Clouds will “jerk/stutter” through the sky at a high rate of speed with the RAW prosumer “timelapse”.)
The better solution for shooting timelapse on VIDEO is to do the “RECORDING” on an outboard device rather than on the internal tape.
A common method is to connect the camera to a laptop via FireWire and run a computer program that can be set to record any number of frames at any increment you decide. (This can even work over a period of months if needed.
There are several programs to be found online that can do this.
Here’s a link for one such (Mac) product:
https://www.bensoftware.com/