That latency will KILL your chances of tracking/recording without issues. It is WAY too high.
To give you an example, my system is set to record with a total round trip latency of 9.7 milliseconds, and I could lower that if I needed to, but running at 9.7 milliseconds works GREAT for my needs. TO achieve this latency, I set my audio interface's ASIO Buffer Size to 128 for recording, and either 1024 or 2048 when mixing/mastering.
If this link is showing YOUR audio interface, it looks like a really nice one:
http://www.rme-audio.de/en/products/multiface_2.php And, IF that is the same interface, it quite clearly indicates it has ASIO driver mode available for it.
If you are unable to change the driver mode in Sonar to ASIO, first try DE-selecting the interface altogether in the Sonar Preferences - under Audio>Devices, both for input and output, then click Apply. Sometimes ASIO does not show up as a viable driver mode if WDM is already selected, so if that is the case, first de-selecting it, then changing the Driver Mode in Sonar Preferences, under Audio>Playback and Recording, from WDM to ASIO, then click Apply. THEN, go back and see if Sonar automatically selects your audio interface for you, but this time running under ASIO driver mode.
But FIRST, BEFORE trying the above, I would recommend that you COMPLETELY uninstall ASIO4ALL - it can and DOES frequently interfere with other ASIO drivers that are present, and is for most folks at best a band-aid. So, because we want you to try getting your audio interface to use its own ASIO drivers, you should completely uninstall ASIO4ALL.
I am also hoping that you have the latest and greatest drivers installed for your audio interface, so if that is not the case, you should look into making sure those get updated too.
Soooooooo, please review and test things out per the above steps, first removing ASIO4ALL, then updating your audio interface's drivers, if needed, and then trying the other de-selection/selection steps I described above.
If you DO get your interface set to use ASIO for your audio interface, also try setting the ASIO Buffer Size to 128, which should be a reasonable setting when recording, and then try recording something, without adding any effects - just raw mic input - to see how that works.
AND, also at that point, please list the Sonar-reported latency values when you are running with the ASIO Buffer Size set to 128.
Thanks,
Bob Bone