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As whizje suggests, the biggest impact on video playing ability is the GPU ... and often the most expensive. Next would be the CPU, and finally the RAM. However, unless you can see that you are running out of RAM, it will not have a major effect on your video playing ability.
If you have 2 memory slots and only one is occupied performance might improve if you place a identical sized memory module in the second slot. if the processor and main board support interleaving. Some applications benefit a lot others minimal. You could search if your laptop supports memory interleaving.
The main issue with the Atom class is how video really works. On some of those you can by a hardware decoder if it has a pci-e slot but that would be it. Intel was in a spat with video supplier and they borked the Atom so that it can't do much. It is the way the video connects to the processor. It can't handle decoding video in gpu. It has to use cpu and cpu has to wait for gpu to do it's tasks. Just a bad design because of licensing.
Intel may have fixed the latest chip but they don't seem to want to market it to home users. They want some big set top box company to use it. Won't happen at their prices.