Thanks again for trying to help Jeremy.
The timeline is full of motion transitions and keyframes.
Just turning off a lower third filter or a transition won`t make much a difference.
Now I`ve experienced a few things with the activity monitor turned on and I think I`ve found another problem with my project.
When I export a Video footage in FCPX 16 cores run at a decent speed so all cores are running fast and solid.
However, when I exported this project which is only pictures with lots of motion/keyframes only 8 cores are recognized and they run at a very slow speed rate for some reason. (pictures were down scaled for the project)
So after all 8 cores were running so I was wrong. They just run at a very low speed rate for some reason.
It may be something to do with the OS so I`ll try upgrading to Mountain Lion and see what happens.