you pretty much answered your own question. You can be sure that people are annoyed with they can't search through a video So i do advice you make sure you have the proper script and server to be able to offer this solution.
If you are looking for hosting with the right setup to stream and shuffle and capture we can offer you this on your own cloud host for just 14 dollar per month.
We also offer a one click install for mechbunny let you see here
http://tube1.mechtemplates.com/ made by our partner mechtemplates.com/
Hit me up and i will give first month off on your hosting bill.