Hi Bob,
I created a new basic project. turned off the effects like you said and I still get the Tap - click latency.
(Tap is when the finger hits a key, click is when the sound comes. So at the same time your finger hits the key say tap then say click right after for when the sound comes.. that's the delay I am talking about)
Anyway, my ASIO reported settings are as follows:
Input: 2.2 msec, 96 samples
Output: 2.2 msec, 96 samples
Total round trip: 4.4 msc, 192 samples
sample rate is 44100
effective latency is 44kHZ/stereo: 2.2msec