Can you Record without lag: Yes
Time zone: EST
I can dedicate alot of time, but not all, given I have a Youtube channel myself, we are trying to get up and running too, but I can record almost ALWAYS lag free, Depending what you screw up while playing. I will have a pretty flexible schedule until my Classes begin again in a few weeks, I have over a TB of memory to record on, I can edit videos, I have Premiere Pro CS6, PowerDirector, and some other editors for different things I do.
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Yep, I play minecraft with friends on occasion, I play other games, that's me.