First, Planetside 2 is an extremely CPU-bound game. Its easy and frequent to drop below 60 FPS without streaming in it, with streaming or running Fraps, it gets even worse. Its going to negatively effect your stream and your gameplay.
hilalpro said:
threads=16 is a line you should add in the custom settings from the obs's advanced settings tab.
If OBS behaves anything like Handbrake, you don't want to do this. The default number of threads is, if I recall correctly, 1.5 x the number of cores. This setting (threads=16) will go even higher than that, and basically make the OS do more work load balancing because you're never going to be able to keep all the threads fed. You should instead try setting threads=6 or less, certainly not more, not if you're gaming and streaming on the same CPU.
Which leads me to my next suggestion. For CPU-bound games like Planetside 2, I think the only realistic solution is to either use Quicksync, or do what I do: use a second PC and a video capture card. But for problems with non-CPU-bound games, I don't have any more to add, I'm not sure why you'd have problems.