I’m not much sure how to make a CBR H264. I guess, beside limiting the data rate, would be necessary to set a key-frames value, so all the GOPs would have the same length and structure.
The problem is which key-frames value to set. You have no way to know which one is the optimal. The optimal GOP length depends of the picture contents (movement, detail, shots,..).
Personally I don’t see a single reason to use CBR. You just get a less efficient compression and so, some times less quality.
rafael