Part time streaming is a job for your GPU, surely? I can't stream and record at the same time but I can do one or the other using the GPU without affecting game performance at all.
x264 on the CPU for best quality stream, tried all other methods in endless hours of testing, Twitch 6000kbps bitrate limit and x264 wins every time.
But it is argued that streaming using x264 on the CPU provides a much superior Picture to the viewers.
No argument really, only at higher bitrates is where the gap closes
