Urgh, movie script! No!
K, FRAPS...
Toribash can slow down a lot during the recording, it's pretty heavy on your processor. However you can perfect video from it.
Set FRAPS to the same FPS you've got the game set to (either 30 or 60 - 60 looks smoother on video) & make sure the NO SYNC option is turned on. You say you've got a registered version, so the option will be available to you. That'll give you a perfect video.
Obviously camera work can be a nightmare while recording, so look in the mod forum for Fnugget's freecam script - it'll let you setup keyframes for camera positions before you record.
I have no idea why you're getting such bad slowdown with your machine though, it should be managing it with no problems. We record TB at HD resolutions @ 60fps with hardly any slowdown.