Re: severe LATENCY on AUX problem.
Based on the Tapeop thread you are using Altiverb 6. I have found Altiverb 6 to be very buggy and I have gone back to Altiverb 5. I had some severe latency with AV 6 but there were other problems too. It sounded like a delay / reverb box. (Yes I muted the direct signal because I use it on an AUX track) It lost all of my AV 5 presets thank goodness they came back with AV 5.
Remove AV 6 and see if that fixes the problem. You can re-install it later if it isn't.
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