I know that surround sound tracks are not supported by Free version, and I know it needs to be a .mp4 format video to playback on free mode.
The website vaguely says pro is:
Enjoy even more video formats and save yourself from hours and hours of file conversions.
Hear every detail with added support for high-resolution Dolby and DTS-HD audio.
It would be nice to have precise information as to which audio/video codecs and file formats are specifically supported by the free version. I don’t have the free version myself to test stuff. I have Pro so everything plays just fine.