I have the deepest feeling

[DunHiLa]

That this is another badly working recording program like Playclaw,Action and the countless others I have tried so far and I get that feeling because I just read 10 topics on the first page which are about crashes,FPS problems,audio problems and more..

[TheBadLuckPrince]

I've never tried PlayClaw, but I never found Action! to be a bad recording program.
Personally the only problem I've encountered were random crashes, besides that the program works just fine.
A littl etest video i did with the demo, before I bought it: https://www.youtube.com/watch?v=IA1axF2uvSg

[Mystix]

After a bit of tweaking with some of the settings, liteCam works great for me, it's able to record games that other capture-&-record software wasn't able to (such as PlayClaw and Dxtory), PlayClaw tends to make the audio out-of-sync (moreso with videos more than a few minutes long, the longer the vid, the worse the out-of-sync it seems to get using PlayClaw), quality of the recorded vids is quite good with liteCam and I hardly notice any loss of FPS with it. Anyways, I guess it can depend on the various settings, your computer hardware, etc...

If you're worried about it though (rather than just saying you have a "feeling" that it's a "badly working recording program") and want to see how it actually works on your computer, then perhaps try the liteCam HD Trial verson from their site:
http://www.litecam.net/en/download/
Myself, after using the Trial version, I was impressed with it and liked it so I decided to get the full version here on Steam. I can't say if it'll work good on your computer or not though, but that's the nice thing about giving the Trial version a try so Users can see for themselves how it works.