Possibly. Check out this post on b-frames.
I’m guessing you’re trying to publish to YouTube. Select the YouTube preset for Export. The GOP frame settings seem a bit high. If it is for YouTube, B frames need to be at 2, according to YouTube. And YouTube does require 30 or 60 fps.
The more knowledge the better, especially with the XBox. I was thinking you were like importing old VHS tapes, lol. I’m thinking the more experienced folk here know about how to with XBox files.