Larry Jones
Afrodrum
If I made my calculations correctly 12 ms is the time sound travels 4 meters (c. 12 ft) from the source to my ears. I just wonder if you can really tell whether you stand 2 or 4 or 6 meters from the amp by the way you feel the latency?
Your calculations are correct. I use amp sims all the time with a SONAR-reported 12.5 msec RTL, and while there may be a slight delay, it doesn't bother me in the least. Maybe this is due to decades of playing live and getting used to standing wherever there is room to stand on the stage and having to play in sync with the band. Sometimes it's a luxury if I can get within 4 meters of my amp. 
Good Point,
but on a stage every instrument has(4ms ) this or another latency.
Small stages do not have large latencies
and on large stages there is a monitoring system.
During a recording session the latencies differ a lot between the
record signal (rtl ) and the playback latency, which is in some devices
proclaimend 0 ms .
A rtl larger as 10 ms is feels like running behind an escaped horse,
that´s why for many musicians this is the limit- 10 ms rtl.
Some need less, some can accept more.