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I'll throw another vote behind cromix in there as well. I was on it for awhile, then convert to cm with 4.4 (daily build) and another 4.4 rom (can't remember the name) off xda developers. Long story short, I am sticking with Cromix for now. All the 4.4 roms either have lag or can't do something correctly. For example, on CM, some video files is unplayable. Revert back to Cromix and it works. The launcher also look a bit weird in 4.4. Actually I love 4.1 asus launcher. Wifi is unstable. Basically, stick with Cromix. It combines the the best of all Asus/_that and other firmware/kernal/rom.
Have you tried JoeVLC player? I haven't found a movie yet that it wouldn't play. I have to use it sometimes with CM11. JoeVLC has all the codecs you'll need to play the movies.
If the stock player won't play it just use JoeVLC's search feature to look the movie up and play it. Sometimes the tablet will even give you a choice if's that the app you want to use to play the movie. It's a great app and I run it on all 4 of my devices.
I still recommend CROMI too. It's a damn good ROM and the support in the ROM thread is top notch.