I have been using the Webcaster X2 for months now, and have the same concern. Sometimes I have solid wifi (or ethernet) and can use the maximum settings of the Webcaster X2 (1080p and 4000 kbps). More often than not, I have weak wifi that swings from 1 to 5 Mbps upload speeds, and I have to livestream at 720p and 2000 kbps.
Let me ask the question another way–Will setting the output of the camera closer to the output of the Webcaster X2 improve the quality of the livestream? Or, conversely, will setting the output of the camera higher than the output of the Webcaster X2 negatively impact the quality of the livestream?
I appreciate the support I’ve received from Epiphan and the community here.