I think, RAM is not an issue because in idle state with about ~50 tabs open with videos, it consumes about 2.4GB of RAM. Through process explorer, I had seen that Firefox (64-bit) crashes well before reaching 5GB of memory allocated.
I will try with reduced concurrent chunks setting. But the next time, I would be doing this again, might be after a week or so.
The queue system though doesn't have much use for me as these sites expire the links to the videos quickly so I end up with unusable links. I had experienced the crash many times yesterday and as your extension doesn't remember queued downloads, I am not relying on it.