Thanks all for all the good questions:
No, channels is installed in a container on a different host. The only thing on this NAS is a single volume which is dedicated to Channels.
Yes, because this measurement is on the Ethernet switch the NAS is connected to, so OUT is to the NAS, IN is from .
Nobody here would have been watching that game. There was another user showing as viewing another thing in the activity, but the progress was stopped and the user said they hadn't been watching for hours, and that file is actually stored on a different volume on a different NAS( one shared with Plex)
The recording continued up to 20 Mbps, then dropped for the next program. This is an ATSC 1 broadcast, just one channel of several on that frequency... they don't have the room to increase it that far.

Judging by this, longer, image... it seems to be a common trend for longer recordings:
Okay, this is interesting and goes to that... here is the graph of the host and the NAS for the entire recording:
On the right, the green OUT line would include the data from the HDHomeRun into the Channels machine, the blue line IN is the Channels output to the NAS.