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I use OBS to record my screen, I use 1920x1080, to record 1280x720 videos.
If I export my video to 1280x720, will the 1280x720 video that i recorded, be the same quality, or will it drop?
You should not notice a drop in quality as long as your bitrate numbers stay high enough.
As long as your premiere sequence is not bigger thatn 1280x720 and your bitrate are around 10, you should not notice a drop in quality
but... obs videos are often variable frame rate which can cause problems that are hard to predict
you can use media info to determine if your videos are variable or constant frame rate (NOT variable bitrate)
and you can use handbrake to convert variable frame rate clips to constant frame rate
and here's a tutorial how to do it.