I think I fixed the issue we've been having.
For OBS branch with VCE, these settings seemed to work (in my testing):
{Encoding} Encoder AMD VCE, CBR enabled, CBR padding enabled, max bitrate 20k.
{Video} No downscale, FPS of 30
{Advanced} Defaults after complete (complete as in, deleted every trace, like the OBS folders from %appdata% ), Multithreaded optimizations on, process priority class is normal, scene buffering time 700, CFR enabled. (Let me know if you need more settings)
{AMD VCE Encoder} Custom parameters checked, Rate Control Method
(Peak Constrained) VBR, GOP size 120, IDR period 60, Min QP of 1, Max QP of 20.
Text is readable, no longer looks like the bitrate is 20. Let me know if these don't work.
You recall correctly; multiplatform doesn't have replay buffer.
For those using multiplatform and getting videos that look like they have very low bitrate, make sure you have "Output Mode" to advanced. Go to the Recording tab, and (assuming you have the encoder as "AMD Video Coding Engine H.264 Encoder (Media Foundation)") set the "Rate Control" to CQP (Constant Quality). Then set QP I-Frame, QP P-Frame, and QP B-Frame to anywhere around 20 (lower is better quality, but is also more taxing on the GPU). Check "Advanced" and set the Maximum QP to around 20 as well. Double-check Minimum QP is 1.
These settings worked well for me.
These are the other settings I have:
No downscale in Output or Video, my framerate is "Common FPS Values" at 59.94 (may change to 60). In Advanced, Audio Buffering Time is 1000, Color Format is NV12, YUV Color Space is 709, YUV Color Range is Full. Let me know if you need more settings or pictures.
Here's a link about the QP I/P/B frames (even though it's on quicksync, the definitions apply to AMD as well)
https://obsproject.com/forum/resources/custom-parameters-of-quicksync.104/
Double-check your settings are what the main post says to have. If it doesn't work, what are your settings in Encoding (What's your bitrate setting? Do your "Audio Encoding" settings match your Window's sound settings {to check your Windows sound settings, in the lower-right, right click the Windows speaker icon, click Playback devices, then right click your default audio, which should have a green check mark, then go to properties. Look at this picture:
Video (Is your 280x selected as the Video Adapter? Do you have a resolution downscale? What is your FPS setting?), and AMV VCE Encoder (Is Use customer parameters checked? What're your GOP size and IDR Period settings? what is your rate control method?)?
What are your computer specs? (Operating system, GPU, etc.)
Are your drivers updated?