Question / Help Encoding Overloaded (with a good pc)

You're capturing at 380 FPS, that's an insane encoding load that is wholly unnecessary.

For recordings, I recommend the following settings for NVENC hardware encoder:

1) Change capture FPS to 60;
2) Rate control: CQP set somewhere within 16-23 range (lower values= better quality and larger filesize);
3) "Quality" Preset;
4) Disable "Lookahead" and "Psycho Visual Tuning";
5) Changing recording format to .mkv, you can always remux it to .mp4 through File--->Remux recordings, after you're done with your session.
 
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