Break it down into possible problems.
First, ASIO is a driver's standard connecting hardware to software. You aren't recording into SONAR, so it shouldn't be the root problem of the latency. That probably has to do w/ your screen capture software. Before you head over to Corel's forums, break down your problem more.
Obviously you don't have a problem w/ the mic if it is acceptable under WKM. Scratch that.
Does SONAR record fine, with acceptable latency, using ASIO (generally the preferred drivers for music). If so, then it ain't the problem.
Does Corel work fine w/ ASIO just to record - not also play back bed music via SONAR? If so, the problem ain't w/ Corel.
If you still have latency problems, then it is running SONAR and Corel together (in essence, recording SONAR + Mic into Corel). That sounds like the problem to me, probably a mismatch somewhere between running both softwares at one time. If that is the case and no one at Corel has an answer, I'd make a bug report.
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