It is possible that you can get crawling lines with high AA due to the way that LightWave interpolates between pixels. Essentitally you end up with bits of the image that 'falls between' the pixels and essentially ends up looking as though there is little or no AA in place.
I have sometimes found in the past that rendering to an image sequence at twice resolution without AA works better.
Simply post process the images to add a (very) slight Gaussian blur (say .2 - .5 pixels) and then when rendering to your movie format, simply reduce the image size down to the original output spec.
Hope this helps...
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