[ardour-dev] latency compensation questions

[Josh Karnes]

OK, so how exactly does Ardour's latency compensation work?

I guess it is related to plugins, and the plugin reports some latency to 
Ardour, correct?  Or Ardour calculates it somehow?  I have not reviewed the 
code obviously.

Just wondering if there's a hack-way of making a plugin that does nothing 
except allow a tuneable amount of plugin compensation, and allow me to 
"insert" an external effect.  Basically the idea is to get Ardour to 
compensate for the latency of the system to patch something into the track 
like an EQ or whatever.

Or maybe there's already a plugin that does this?