This is the first time I got a detailed answer to my question. I did use OBS and ScreenToGif before, but I'll try again tomorrow morning with the settings you suggested! Thank you!
For these I used what @phi6 had suggested. Recorded game footage with OBS and then used the recorder of ScreenToGif at 500x500. I didn't use Encoder 1 for quite a few because the file size was way too big, so instead I went with Encoder 2 and killed off a lot of colours.
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I've found GifMicro to be quite effective when compressing gifs - maybe worth trying?
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At first glance, it looks like they are using the same method as ScreenToGif Encoder 2 in reducing colours. It only cuts off a few bytes for me.
End of conversation
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