Damn, that's a nice setup you have. I have a POS chrony that works sometimes.
One of the issues it has is that it'll throw out some crazy numbers like that from time to time.
The way these things operate is that they use the mean value theorem in order to find the max between two points on a curve (in this case the curve is the change in velocity). It's very fast and very minute but this is how all radar guns and Chrono's work.
What happens, and I'm reaching here it's been a while since I looked into this problem, but on mine the bullet passes through two gates and the shadow of the bullet is what trips the sensor. It's supposed to measure the time it takes to go from one gate to another and display that as rate, the velocity, distance/time. I'm assuming yours does something similar, it's really the only way to do it.
On mine, it has to do with light. Improper light, shade, overcast, too much light --I'm lucky when it works. And yeah, I get the 8000fps crap too.
At least it's far off enough you know it's not a proper reading.
I'd call the mfg. and see what solutions they recommend. Positive they're familiar with it.