So I tried out the webcam recording feature (to record webcam to it's own file) while using NVENC MP4 for the game recording itself.
My 640x480 60 FPS webcam recording says it's using the FICV codec (yours) and 65.5 Mbps which is crazy high for just a webcam (the webcam file is bigger than my 1080p 60 FPS game recording using NVENC MP4).
Are there not any settings to use MP4 for the webcam instead? I don't see any, any setting changes don't effect the webcam codec / bitrate.
Other than this, the separate webcam feature is pretty nice.
Also, under my webcam settings, the "record separately" setting is missing the text (as seen in my attachment).