I really like the effects you used, they fit the song. Especially at 0:03- 0:04.
I used AAE not SV, so I can't really help you with your problem, but to me it looks like you added the stripes over the replay, then added some distortion effect on top of the stripes and the replay, I think you only wanted the distortion effect over the replay.
Great WIP, but I have no title ideas ;p