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I plan to produce my video in MPEG-4 1920 x 1080/24p but the only/highest bitrate is 16mbps. Are there no higher options? Wouldn't this low bitrate hinder my output quality?
You must use a user defined profile. There you can define bitrates up to 60mbps. As my PowerDirector is german, I cannot tell you the way to do it in english.
Hatti
Win 10 64, i7-4790k, 32GB Ram, 256 GB SSD, SATA 2TB, SATA 4TB, NVidia GTX1080 8GB, LG 34" 4K Wide, AOC 24" 1080