Second this. You can even go down to exactly 0ms of latency, if you are using an analog mixer with multiple simultaneous output routes in front of your digital

Second this. You can even go down to exactly 0ms of latency, if you are using an analog mixer with multiple simultaneous output routes in front of your digital interface. One output route is for live monitoring the other is for live recording. The DAW just needs to latency compensate the "record head", which almost every professional DAW is doing of course. _Every_ studio is working like that. OK, a lot of studios have digital mixers nowadays, that adds maybe 2-4ms of latency, which is still ok.