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Maybe Found a Solution to FPS and lag problems in my Case
I had purchased a utility program from iolo called System Mechanic. I did not relate the lag issues to this program because it seemed everyone in ESO was having problems.
I started playing some of my other games and was noticing the same slowness and stuttering.
Since I was not exactly sure how to adjust the program I deleted it.
Since I did that I have played over 15 hours with only one instance of excessive lag.
I cannot state for certain that SM was causing my problems but it sure is a strange coincidence that they stopped now that the program has been unistalled..