Yes, If i had 250 ms latency in my 120bpm song, the notes would have been 1/8th late and with no latency the notes would have had no delay.
These are not my findings. I did not submit a ticket. This has been discussed and reported numerous times. In my experience there is no point in providing a bug report about latency compensation issues, because presonus seems to recoil from even looking at it and will not touch the audio engine unless there are riots on the streets in front of HQ. Just remember the "Sidechain PDC wars" of version 4/5/6 in the old forum. So I will sit back on this as well