As I don't see a log file with your actual OBS recording settings, I can only guess.
I don't know ICQ (other than the old messenger), so I'm just guessing, you encode via intel GPU with Quicksync then.
CRF/CQP would be my first choice, but maybe ICQ is similiar (quality factor with variable bitrate).
Higher CRF number = smaller size+less quality.
Lower CRF number = bigger size+better quality
CRF 14-17 will produce high quality recordings but with CRF20 you will still get decent quality with smaller files.
Quicksinc needs more bitrate for the same quality, compared to x264 CPU encoding, so you could also save some hdd space by using x264 instead of Quicksync.
Not sure, if your CPU is fast enough to handle x264.