This is an older thread, started last year, but I just found a latency correction feature on the newer download of Audacity and thought I'd put it on here.
Click Edit/Preferences/Recording. You will see the Latency Correction feature in the middle of the pull down page.
Just for info... Made a recording today for a friend, Steel/VP/Zoom MS-50G/Lexicon Alpha/USB to PC/Audacity. No noticeable latency. Using a headset out of the Lexicon to monitor Steel Input. Cheap, quick, easy and usable. Now to try the Lexicon with my Reaper set up...
Audacity recording
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Dick Sexton
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