Cheers for the video uploads,
A few quick questions:
Is your fps in-game capped or un-capped?
Is your fps always at 60/60+ or does it drop below (Generally play, not immediately after loading screen end) If it does, what is your minimum fps value when it does dip & for how long?
For the video upload of WoW, the part where you turned around and started running back does it stutter like that in-game for you as well?
15:35:00.220: Output 'adv_file_output': Number of skipped frames due to encoding lag: 80 (2.5%)
15:35:00.220: Output 'adv_file_output': Number of lagged frames due to rendering lag/stalls: 50 (1.5%)
The two above lines indicate you have a bit of struggles going on, the encoding lag is GPU encoder strain, the rendering lag is GPU strain. This could be attributed to mass texture 'pop' load in, not sure if that still is a thing of WoW as I haven't played it for years.
I think if you were to cap your fps in-game to 60-63 fps (Better to do 61-63 fps if you get noticeable screen tearing) and downscale in Output your recording resolution to 1920x1080@60fps and for streaming to 1280x720@60fps it may assist a bit.
Do you use AA in-game? If so can you lower that or turn it off completely, just to self-test to see if it assists.
15:19:09.992: output 1: pos={0, 0}, size={2560, 1080}, attached=true
15:19:09.992: output 2: pos={-1920, 0}, size={1920, 1080}, attached=true
Your logfile shows you have two monitors:
It may be the base resolution of your primary monitor that is giving you a bit of grief, though it is a very nice ultra-wide monitor you have there. Can you try disabling the 1080p monitor to see if it helps, if it doesn't can you disable your 21:9 monitor and test on the 1080p to see if that helps.
To note:
I believe the reason why OBS Studio is spamming your logfile with:
[game-capture: 'World of Warcraft'] cannot capture explorer.exe due to being blacklisted
is due to the fact you use Explorer as your default browser, if you were to switch to Chrome/Firefox or another browser, it would clear that logfile line up. I doubt it would improve performance though however it is really spamming your logfile, a couple of times every 2 to 3 seconds (Just helps to clear up your logfile a tad, low on priority overall)