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I forgot to mention that receiving device was canopus ADVC 110, and seems that its analog front-end (SAA7115) is somewhat incompatible with signal produced by AG4700's TBC, or it lacks some settings to process it correctly. At least when connected to cheap EZcap USB dongle, AG4700 gives stable picture without any shaking with TBC enabled (and wavy picture edges when disabled). Also, TBC module in AG4700 was replaced with another one, which gave no effect.
A similar behaviour of HS1000+ADVC pair also was outlined on another forum.
Leave it here for other's reference.
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