When it works, you are correct, the output is being clipped. But these are consumer video player outputs, there is no volume control. I find it odd that this pro equipment can’t accomodate the signals from these devices, but everything else can.
The bigger problem is not volume. If you look at the waveforms, one is operating above the clip level and occassionally dips below. the other is a screeching/whistling type sound that is completely unrelated to the audio source – I can unplug the audio source, restart the application, and it’s still there.