OK, here's what happened:
11:11:29.248: CPU Name: AMD FX(tm)-8320 Eight-Core Processor
11:11:29.248: CPU Speed: 3753MHz
11:11:29.248: Physical Cores: 4, Logical Cores: 8
11:11:29.248: Physical Memory: 2047MB Total, 2047MB Free (NOTE: 2 or 4 gigs max is normal for 32bit programs)
11:11:29.248: Windows Version: 10.0 Build 14393 (revision: 576; 64-bit)
11:11:29.249: Running as administrator: false
11:11:29.249: Aero is Enabled (Aero is always on for windows 8 and above)
11:11:29.249: Portable mode: false
11:11:29.261: OBS 0.16.6 (windows)
11:11:29.262: ---------------------------------
11:11:29.263: ---------------------------------
11:11:29.263: audio settings reset:
11:11:29.263: samples per sec: 44100
11:11:29.263: speakers: 2
11:11:29.307: ---------------------------------
11:11:29.307: Initializing D3D11..
11:11:29.307: Available Video Adapters:
11:11:29.309: Adapter 1: NVIDIA GeForce GTX 1070
11:11:29.309: Dedicated VRAM: 3221225472
11:11:29.310: Shared VRAM: 1073676288
11:11:29.310: output 1: pos={0, 0}, size={1920, 1080}, attached=true
11:11:29.313: Loading up D3D11 on adapter NVIDIA GeForce GTX 1070 (0)
11:11:29.467: D3D11 loaded sucessfully, feature level used: 45056
11:11:30.293: ---------------------------------
11:11:30.293: video settings reset:
11:11:30.293: base resolution: 1920x1080
11:11:30.293: output resolution: 1280x720
11:11:30.293: downscale filter: Bicubic
11:11:30.293: fps: 30/1
11:11:30.293: format: NV12
11:11:30.295: ---------------------------------
11:11:30.386: [CoreAudio encoder]: CoreAudio AAC encoder not installed on the system or couldn't be loaded
11:11:30.494: [AMF Encoder] Version 1.4.2.3
11:11:30.494: [AMF Encoder] Unable to load 'amfrt32.dll', error code 126.
11:11:30.494: [AMF Encoder] Uncaught Exception: Unable to load 'amfrt32.dll', error code 126.
11:11:33.238: Required module function 'obs_module_load' in module '../../obs-plugins/32bit/libcef.dll' not found, loading of module failed
11:11:33.271: Required module function 'obs_module_load' in module '../../obs-plugins/32bit/libEGL.dll' not found, loading of module failed
11:11:33.387: Required module function 'obs_module_load' in module '../../obs-plugins/32bit/libGLESv2.dll' not found, loading of module failed
11:11:33.468: Failed to load 'en-US' text for module: 'obs-browser.dll'
11:11:33.469: [browser_source: 'Version: 1.26.0']
11:11:33.576: NVENC supported
11:11:34.330: Couldn't find VLC installation, VLC video source disabled
11:11:34.508: No blackmagic support
11:11:34.887: ---------------------------------
11:11:34.887: Loaded Modules:
11:11:34.887: win-wasapi.dll
11:11:34.887: win-mf.dll
11:11:34.888: win-dshow.dll
11:11:34.888: win-decklink.dll
11:11:34.888: win-capture.dll
11:11:34.888: vlc-video.dll
11:11:34.888: text-freetype2.dll
11:11:34.888: rtmp-services.dll
11:11:34.888: obs-x264.dll
11:11:34.888: obs-transitions.dll
11:11:34.888: obs-text.dll
11:11:34.888: obs-qsv11.dll
11:11:34.888: obs-outputs.dll
11:11:34.888: obs-filters.dll
11:11:34.888: obs-ffmpeg.dll
11:11:34.888: obs-browser.dll
11:11:34.888: image-source.dll
11:11:34.888: frontend-tools.dll
11:11:34.888: enc-amf.dll
11:11:34.888: coreaudio-encoder.dll
11:11:34.888: ==== Startup complete ===============================================
11:11:34.893: All scene data cleared
11:11:34.893: ------------------------------------------------
11:11:34.920: WASAPI: Device 'Speakers (USB PnP Sound Device)' initialized
11:11:34.927: WASAPI: Device 'Microphone (USB PnP Sound Device)' initialized
11:11:34.928: [Media Source 'Media Source']: settings:
11:11:34.928: input: E:/JDavi/OneDrive/Videos/2016-11-13 05-29-27.mp4
11:11:34.928: input_format: (null)
11:11:34.928: is_looping: yes
11:11:34.928: is_forcing_scale: yes
11:11:34.928: is_hw_decoding: yes
11:11:34.928: is_clear_on_media_end: no
11:11:34.928: restart_on_activate: yes
11:11:34.930: Switched to scene 'FTB'
11:11:34.930: ------------------------------------------------
11:11:34.930: Loaded scenes:
11:11:34.931: - scene 'FTB':
11:11:34.931: - source: 'Media Source' (ffmpeg_source)
11:11:34.931: ------------------------------------------------
11:11:34.953: adding 23 milliseconds of audio buffering, total audio buffering is now 23 milliseconds
11:11:35.094: adding 69 milliseconds of audio buffering, total audio buffering is now 92 milliseconds
11:11:35.287: Update check: last known remote version is 0.16.6
11:15:41.663: ---------------------------------
11:15:41.663: video settings reset:
11:15:41.663: base resolution: 1920x1080
11:15:41.663: output resolution: 1280x720
11:15:41.663: downscale filter: Bicubic
11:15:41.663: fps: 30/1
11:15:41.663: format: NV12
11:15:41.687: Switched to profile 'Test Session' (Test_Session)
11:15:41.687: ------------------------------------------------
11:16:23.063: ---------------------------------
11:16:23.063: [x264 encoder: 'streaming_h264'] preset: ultrafast
11:16:23.063: [x264 encoder: 'streaming_h264'] settings:
11:16:23.063: rate_control: CBR
11:16:23.063: bitrate: 1750
11:16:23.063: buffer size: 1750
11:16:23.063: crf: 0
11:16:23.063: fps_num: 30
11:16:23.063: fps_den: 1
11:16:23.063: width: 1280
11:16:23.063: height: 720
11:16:23.063: keyint: 60
11:16:23.063: vfr: off
11:16:23.063:
11:16:23.076: [Media Foundation AAC: 'Track1']: encoder created
11:16:23.076: bitrate: 160
11:16:23.076: channels: 2
11:16:23.076: sample rate: 44100
11:16:23.076: bits-per-sample: 16
11:16:23.076:
11:16:23.077: [rtmp stream: 'adv_stream'] Connecting to RTMP URL rtmp://live-ord.twitch.tv/app...
11:16:23.150: [rtmp stream: 'adv_stream'] Interface: Realtek PCIe GBE Family Controller (ethernet, 1000 mbps)
11:16:23.881: [rtmp stream: 'adv_stream'] Connection to rtmp://live-ord.twitch.tv/app successful
11:16:23.888: ==== Streaming Start ===============================================
11:20:04.872: Last log entry repeated for 183 more lines
11:20:04.872: [rtmp stream: 'adv_stream'] User stopped the stream
11:20:04.872: Output 'adv_stream': stopping
11:20:04.873: Output 'adv_stream': Total encoded frames: 6654
11:20:04.873: Output 'adv_stream': Total drawn frames: 6654
11:20:04.873: Output 'adv_stream': Number of dropped frames due to insufficient bandwidth/connection stalls: 4141 (62.2%)
11:20:04.876: ==== Streaming Stop ================================================
I should also note that this was done using the new stream test option, but either way it don't make no difference.