Except for the spike, that's not bad.
The first 4 things you list are settings specific to LiteOn. The fifth thing (clear OPC) is not a setting, but a tool to clear out learned media...
If you have only clicked on "Clear OPC" once, that's fine. (As I said, it's not a setting, so it doesn't persist and only activates when you reselect it). But if you keep selecting it, you are undoing the learning that the drive does. Please don't do that.
That said, FHT (forced HyperTuning) means you are forcing the drive to learn the media from scratch. I do not think you need to do that on MKM 003. Turn that off & test.
On the flip side, OHT (Online HyperTuning) doesn't learn the disc, but checks the disc more often throughout the burn in case the quality could be better. You can leave this off (it's useful for some low quality media, or when you have a few bad discs from a lack)... Or you can try to enable it.
Note the drive is programmed to enable HyperTuning for some discs, which cannot be avoided. (That's why the first option is "Forced" HyperTuning, as the default is "Optional/Automatic" HyperTuning). The drive still has a write strategy for discs when this happens (usually), but the designers knew that some disc types vary quite a bit. I think it may automatically use Online HyperTuning on MKM 003 & other DVD+/-R DL, but I'm not sure.
I know what the first SB is (Smart Burn, an in-drive setting), but what is the second SB, and what is BP? These are ImgBurn settings most people do not report, so I am not familiar with them.
... What was the write speed?