Ok, got back to my system and played around a bit...
I hooked up a MIDI interface and attached an old Roland keyboard controller (don't yet have a USB keyboard controller). Had no MIDI problems and was able to trigger TruePianos right away. With a Total Roundtrip of 37.7 (according to Sonar), the latency was BARELY noticeable. I certainly could have dealt with it. I lowered the Buffer Length slider in the ASIO panel to 4 msec, which corresponds to an Input Latency of 9.3 msec, Output Latency of 13.4, Total Roundtrip of 22.7. I'm not noticing any latency whatsoever between the time I strike the keys and the time I hear the sound. Instantaneous.
I'm curious about the numbers on the Buffer Length slider in the ASIO panel. It does refer to the number (ranging from 1-20) in msec. It is called the "Buffer Size" slider in the Preferences/Driver Settings window, but it reflects the number I set in the ASIO Panel, also in msec. Not sure if having such a low value will cause problems later, perhaps when I have more tracks or plugins running than I do in the current test project.
Aside from triggering softsynths and realtime Amp Simulation (which I have no idea how to set up yet), where else could latency rear its ugly head? Or is that pretty much it?
I appreciate all of your help!