I ran into the same error and found a quick solution for it. You can use rewindSpeed: 0 with rewindNav: true .
I tested these settings:
$("#owl-slider-hero").owlCarousel({ autoPlay : 5000, lazyLoad:true, navigation : false, slideSpeed : 500, paginationSpeed : 400, singleItem : true, rewindNav : true, rewindSpeed: 0 });
So the script is still rewinding, but you are unlikely to be able to see it. Change is not smooth, as in a continuous cycle, but it is pretty close.
Hope this helps someone!
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