Record 240p console output without a dropped or stretched signal.
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Most capture cards are built for modern consoles and simply refuse a 240p signal. That is the whole problem with recording retro hardware.
The reliable approach is to convert or upscale first, then capture a clean 480p or 1080p HDMI signal that any card will accept.
Put a retro upscaler between the console and a normal card. You get a signal every card accepts and a much better-looking recording at the same time.
Cheap, bus-powered and good enough for 1080p60 recording once the signal has been converted. Fine for archiving playthroughs.
Lower latency preview and more stable long recordings, which matters when you are live rather than recording to a file.
Commentary quality does more for a retro stream than resolution does. A USB mic is the highest-impact upgrade after the card.
Because 240p is not a signal most cards recognise. Convert or upscale to a standard resolution first.
Some analogue-input cards do it, but the result is soft. An upscaler in the chain gives a much better recording.
Capture at 1080p with the source scaled by a whole-number factor, so the pixels stay square and sharp.