So one thing the RTL test utility does not do is test the digital in / out ! Now that takes the converters out of the equation right? I guess I could test it by patching in my 01V.
Yes, that would take the A/D and D/A out of the equation...
But... you'd still have latency from the O1V's converters (or whatever converters you use).
No way to avoid it...
That said, the A/D D/A at most contribute 2ms to RTL... so they're not the biggest factor.
The problem with typical audio interfaces is the large/hidden safety buffer (of which you have no control).
BTW, Even if the audio interface provides low RTL, the design/drivers need to be up to the task. Otherwise, the setting will be useless (glitches/garbled audio).