There is additional overhead in OBS. libx264 is just used to encode video. Add in capturing of the screen, audio, etc. and the gains won't be as noticeable. The important thing is that the encoding should still faster. Depending on users' computer specifications even 5% can be worth it. You can use the extra gain to either increase to a higher bitrate or preset that you couldn't use before, or just use it to save CPU usage. The 8-12% gain I mentioned has to do with just straight video encoding, and it's also dependent on settings used.
I find that often software capture works better than game capture. So having the ability to use 64-bit for software capture definitely helps out.