UPDATE for anyone following...
So between last night and tonight I set up Busses on the Behringer X32 assigned the USB out, and created a separate mix specifically for Live Streaming that has compression and limiters set up on. I completely removed the Compression and Limiter from the OBS filters and i adjusted the gain down to +10 db (down from +20).
Additionally, we had both the Video capture (AJA U-TAP) and the X32 USB audio coming into the MAC on the same USB bus. So i moved the Video capture to a USB extender that comes in through Lightning (USB-C) to a completely separate USB bus, so that the USB audio input is the ONLY thing going into that USB bus.
I have confirmed that the audio signal coming out of the board is clean, no clipping or distortion.
With all the changes and new settings, we did 2 tests (1 before swapping the USB bus on the MAC itself,
BEFORE -
https://www.youtube.com/watch?v=LDeXIQzkEd0
and the second was after
AFTER -
https://www.youtube.com/watch?v=zY0VaZ0F4IA
The sound quality itself is MUCH better with the separate live stream mix, but the clipping/dropping issue still exists. I feel like it is a tad better AFTER swapping the Video capture to a separate USB bus, but I'm still getting Audio clipping/dropping.
Is it a problem with OBS or is it a Problem with the MAC?? This is the question i can't seem to figure out.