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As I understand it, it is working on the layer's source and replacing it with the corrected version. Therefore, any other effects are going to be negated by the effect.
Besides, you would want to apply any effects after the rolling shutter is corrected anyway.
I think it makes sense. Thank you for the ultra fast response. Kudos
There are several effects that behave this way. The solution is to apply your rolling shutter effect then select the layer and pre-compose making sure that you move all to the new composition. Then you can apply other effects to the pre-comp.
Some effects apply a very heavy load to the rendering process when combined with other effects. You may want to pre-render your footage with the rolling shutter or warp stabilizer effect applied to a good DI (digital intermediate using a production codec) and select replace usage in the Render Cue's Output Module. That's what I would do.