I would like to inform anyone that is interested that I was able to resolve the problem I was having with the framerate fluctuations.
After lots of troubleshooting with HTC tech support, and asking questions on various forums throughout the internet I was unable to find the root cause of this problem.
However, I had one last chance to solve this problem. The Nuclear Option: Re-Installing Windows.
For whatever reason this was able to resolve my issues with frame times, now all the games I have tried have stable framerates when using the wireless adapter.