I have a second brand new set of props as backups and they make no difference. If there was a vibration issue, the other cameras on this multi-spectral camera would be blurry too.
Notice how the title of this thread says "Anyone USED a Parrot Sequoia?" If you haven't used one than your just shooting in the dark (no pun intended). But I still appreciate the suggestions.
The same banded blurriness was seen from photos I took on a bright sunny day.
Someone in another forum that actually has used one of these cameras has confirmed this is normal due to the camera's small/slow sensor and the rolling shutter is what creates the banded blur effect. The other sensors have a global shutter which explains why they look consistent.
So at least now I know there isn't a problem with the drone or the camera or I'm doing something wrong. I did notice the photos were slightly better but very negligible flying at one speed setting lower from the fastest in Pix4D.
Essentially, the bottom line is this is what you can expect from a puny 1.2MP sensor with rolling shutter, at least on this camera. People thinking it was a vibration issue or too low of light just have never actually used this camera.