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If you are shooting a static subject with no fine detail, the smaller bit rate is probably enough to capture all the information, and there is no visible difference between the bit rates.

Bit rate setting typically specifies the upper limit for the actual bit rate. In case of static subject, the actual bit rate can be than the maximum bit rate. Try shooting for example foliage when there is some wind. You should start seeing differences in the image quality and probably also in the file size.

Reading: State of JS 2020 2020.stateofjs.com

Reading: You Don’t Need a Wiki – Being Content with Your Software • Zettelkasten Method

Even though some features seem to be super cool, they often turn out to be useless or sometimes even distracting or obstructive.