OBS Recording settings[HELP]

Im confused with the new rate controls and even when i watch epos's videos still kinda lost,
I have a second PC with a elgato mk.II
RTX 4060
I7 9700K
32gb of ram

So i put it as
Recording Format : Hybrid MP4
video en: NVIDIA AV1
Audio En: PCM 32 bit

im just lost on rate control and target quality and Max bitrate
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