In other words , without using recording software that runs on the same PC playing the game.
I've tried using FRAPS in the past, but the slight drop in frame rate and control-to-result time creates a disadvantage in the game.
I am looking for a way, other than the obvious (point a video camera at the monitor) of recording what the graphics card is outputting.
I have a separate PC if a solution could be found that requires a second PC's resources to do the recording and encoding.
I am open to answers/solutions that require the spending of money.
[Taking advice given on gaming.stackexchange.com This question is reposted from there]