Question / Help High bitrate, low quality?

I'm trying to use OBS studio for the first time as I just built a new PC and wanted to convert over from classic as it's no longer being supported and I thought I'd give it a try. Well I could figure some things out, but other settings seemed different to me so I searched up a video on YouTube to get the best quality for performance and now when I record at 20kbps it looks like 2. I'm not sure what's wrong.

I stream, but right now I'm just trying to do local recordings.

Here's my specs:
i5 6500
rx 480 4gb
8 gb ddr4 ram
120GB SSD for OS, apps and some games, and a 1 TB HDD for all other games and videos. The game I'm currently trying to record is on the SSD and the videos are being saved to the HDD.

Log file is attached

Here's an example: https://www.youtube.com/watch?v=1-poMaenL8g
 

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