I rec'd a LinkPi V3 over the weekend. In my early h264 testing, it does seem to have quite good processing. Text crawls on the bottom of the screen have been nearly perfect. And, in all seriousness much, much better than any of the previous encoders I've played with. Including the URay 4K encoder. Which started off great, but it has developed a regular stutter, no matter what settings I try. Every 3-4 seconds there is a hard stutter, which makes things unwatchable. I guess that one will get returned.
One item to note on the LInkPI, my early testing was with an ONN box, plugged into the encoder with a separate HDMI cable, went well. When I tried my Chromecast (which has a built in HDMI cable) the encoder bounced between seeing a signal and no signal. So, will have to troubleshoot more, but odd that it doesn't like the Chromecast HDMI connector???