Oh, it is fine for all the cams to use the same public IP address with different port numbers. It is the private IP addresses that must be different and I am sure they are.
If that bit rate is in
Blue Iris's settings, it won't affect the stability of the video. That just controls the bit rate of the recordings that are saved to disk.
Is the one camera with the connection issue further away from your WiFi access point, or have more obstructions for the signal to pass through? Alas, connection problems are extremely common with WiFi cameras and usually the solution (when wiring the cameras is not an option) is to reduce bandwidth usage or to increase WiFi capacity by installing a second access point closer to the problem camera(s).
If you get a second access point, make sure it is
not a wireless "repeater" as this would actually make the situation worse. The second access point must be connected by ethernet in order to help. Also, you need to be careful about which radio channels you use. Typically the channels are numbered 1 through 11 and when you pick one, the radio actually uses that channel and several of the neighboring channels. The best way to optimize WiFi usage is to
only ever choose channels 1, 6, or 11. These 3 channels are far enough apart that they do not interfere with each other. If you were to choose for example channel 3, it would only leave enough open channels for one more access point. Automatic channel selection is sometimes not very smart, so you should avoid using that. Always manually assign one of 1, 6, or 11.