Hi Gerry,
What you're doing sounds great, and I don't think latency is so important - unless you're playing soft synths.
It wouldn't work for me, as I play guitar through amp sim plugins - so I have to monitor through SONAR, otherwise I'll just hear "dink dink dink" (DI guitar) instead of nice distorted power chords 😉
I can't tell you for sure, but my new theory is that there is latency in the amp sims, and also in some other plugins that may be running on other tracks. I need to play around with turning of PDC and stuff, but I can't be bothered.
Usually the 10ms latency is fine, but sometimes it bothers me - so I'm not sure if it's just me, or if sometimes the PDC is adding more latency to the 10ms.
If I can play guitar at 64/48 (5.8ms) it's always good.
PS - I also have a lot of luck taking the safety buffers down to 16, but it doesn't give a lot less latency than just leaving it on 48.