I've encountered the same problem while watching anime. A simple solution is to rollback the svpflow.dll files to the ones found in the previous version, 3.1.6.
https://www.dropbox.com/s/zo19uqmvxtox0 … w.rar?dl=0
Move these files in SVP/Plugins and MPC-HC should no longer crash. Do note, however, that this is only a temporary fix.