I have never understood where in Preferences the latency settings are for playback and recording. They're confusing. Anyway...
I have installed X3e on a new computer and am trying to set everything up the way it was before. I open a brand new file and record midi, and there's no latency at all. But I open a very large file that I built on the old computer, and there's about 0.3 seconds latency on recording. This is true for any instrument or source. On the old computer, which was a much poorer machine, there was almost no latency on recording.
Why has this old project suddenly introduced recording latency, but there is no such latency on a new project?