I have another advice.
I stream for a while with music and sound from the chess pieces (everything works OK) but remember that twitch can mute our videos due to copyright (not while you stream live but if you record them in twitch)
Then I star to want to speak… So I buy a headset (hyper cloud x 2) and had a lot of problems, first sound it’s to low, then to high that listen my breathing… So my advice is to buy a Mic instead of a headset. (but this could be just my problem with headset)
I never stream with webcam because my upload is just 1 MB.
You can see my here.. To see the quality of my image with a bitrate of 400.
http://www.twitch.tv/scalachess/profile/highlights