Record from now, not from reset, unless a reset is required for the strat. (Clearing SRAM is recommended for "from reset"; Other settings are whatever)
All submissions must use the Practice Rom to quickly navigate the game. (Apply the IPS patch on X-Fusion, not vanilla SM!)
If you need savestate hotkeys: Config -> Hotkeys -> Savestate #1 (Bottom-left dropdown in the Hotkey Config window)