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https://i.imgur.com/TXKpCZ3.png
Is this something that's implemented yet on the host side (since that's where encoding actually happens), or does the setting currently do nothing?
I know it's much slower in software and I can't speak for the nvidia hardware encoder, but I know AMD's hardware H.265/HEVC encoder is actually faster than their hardware H.264/AVC encoder.
In Moonshine my RTX 3080s encoding time for HEVC is about 20% faster compared to H264 at the same settings.