Well, after some experimentation I finally found a way to record in 720p60! YAY! Trial and error that's the lesson here kids. Now to shoot down some ships to get the Metal Detector. Also if anyone knows how to watch 720p60 videos on Safari I could use some help in fixing it for making my future videos run in that browser.
Ratchet and Clank is owned by Insomniac Games and Sony Computer Entertainment.