shaNker if you mean tearing then download it again. Should have less now (ok, now >_< ). Bandicam has AMD APP support, right? Does Bandicam's CBR keep its bitrate somewhat stable?
VCE seems to ignore some settings like peak bitrate (resets to bitrate) and VBV buffer size sits at 10Mbps. CBR doesn't want to hard limit to bitrate.
Also my R9 290 takes mysterious control method 5. Maybe Media SDK 1.1 has more info.
Ok I don't get any tearing now but instead it LAGS horribly compared to the actual game play, unlike just using Bandicam or the OBS CPU encoding. When I do 720p encoding I don't get the green line at the bottom. Here are two very quick tests I did:
Bandicam uses AMD APP yes, but it gives me the option to do CBR or VBR. I set it to VBR and it seems to work. You can download it and give it a shot, you have a very similar card to mine. I think yours is a bit of a step UP from mine. I have an R9 270x.