The optimal bitrate for h.264 encoded files running at 1920 x 1080, 30fps on fast moving pictures is actually around 17 to 18 Mbps.
Height x Width x FPS x compresson ratio x Motion Modifier (1 is slow, 5 very fast pace)
1920 x 1080 x 30 x 0.07 x 4 17,418,240 or in other words 17.4 Mbps
Even if you use a 5 times modifier (5 times the sensitivity of a normal moving picture) its only 21Mbps
Take a blueray movie, its approx. 40Mbps, I can half that with a good codec and you wont notice a thing had changed (although black can be a tricky aspect to deal with but that doesn't bother us) Now bare in mind that the camera in these cams are insignificant to what movies are shot with and you will soon see that bitrate above a certain level will not make any difference at all.
Course if they are using a crap codec or a poorly setup codec then things get more complicated, but when you start to hit these 17 or more figures you may find other things are holding you back.
I guess what I'm saying is, don't assume bumping up bitrates to silly levels will make the blindest bit of difference