Thanks for all the feedback! Unfortunately, none of the suggestions improve the tween smoothness for me. I removed the will-change properties completely since they neither improve nor degrade performance for me in this case. Also, @Carl, I don't see any difference in your example compared to mine. I also changed the TweenMax version to the most recent one. Again, no change. I also added the slight rotation suggested by @Jonathan, didn't help either. Weird!
Here's my latest demo: