My upload is 1.5Mbps. Was a mistype on my part.
I have tried a few different things at this point. I set my VBV Max Bit to 1Mbps and my VBV Buffer to 400Kbps and Preset to Ultrafast. This helped the stream be a little more smooth in 720p but looked like junk.http://www.twitch.tv/milk3y/b/292856939http://www.twitch.tv/milk3y/b/292857009
I then set the Preset to Ultrafast and Quality to 10. Stream was smooth but did not look the way I wanted it.http://www.twitch.tv/milk3y/b/292858752http://www.twitch.tv/milk3y/b/292859345
I then set it to veryfast and the stream was flawless but looked like crap.http://www.twitch.tv/milk3y/b/292859980
I then updated the Quality to around 8 and updated my VBV Max Bit to 1.2Mbps and the stream was smooth with no lag. Was not the best looking but I was getting there.
Then something odd started to happen. The stream started to lag again.http://www.twitch.tv/milk3y/b/292860258http://www.twitch.tv/milk3y/b/292860488
Played with the settings some more and tried damn near every settings I could and nothing would fix it. I then got frustrated and gave up and went to play some LoL with a friend. The lag was not with Black Ops it was with anything I streamed.http://www.twitch.tv/abandonedmilk/b/292866537http://www.twitch.tv/abandonedmilk/b/292867385
After that game I did a cold boot on my PC and everything went back to normal. Now keep in mind, the fixes I did that night corrected the issues I was having when I started this post. However, it seems that if you keep playing around with settings and keep stopping and re-starting the stream it will start to create issues. At no point during any of this did my internet speed slow down or did my PC start to show signs of having issues or slowing down. So I am not 100% sure what created the issue but power cycling the PC seem to resolve the issue.
Once I get home tonight I will play with some more settings and try to find that “sweet spot”. Once I do I will repost what I find in hopes it will help others.