why not bind A and D to strafe (instead of default turn)
as for the bumping up and down while moving, EQ wasn't really well optimized for 'super high end PCs' if that makes sense - try capping your framerate in options (FPS) to something like 60 and should help with the mouse movement stuff.
that helps me a LITTLE bit, I have similar issues. if I turn sensitivity too high, when I look up and down its very sensitive, but side to side not so much.
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