Hey there @mike91star thanks for this great question. I see from your video that you’re experiencing latency while using the Pro Podcast Presets.
Your video is a great demo of the issue and I’ve done some digging to help you out.
The more effects (and bus tracks) the more latency in Adobe Audition. We’ll never be able to get down to 0ms latency but we’d like to get closer to what you had in your video
The biggest offender appears to be Speech Volume Leveler on the Podcast Host tracks. You can also remove Dynamics and DeNoise if you’re not using them. As you’ll see from my demo you need to completely delete the effect and not just have it disabled (as they already are) because Audition still takes them into account even while disabled. A bug that would be great if Adobe could fix
After this, much less latency. The final step is to route the track direct to Master and not the Podcast Voices bus. You can change this back for extra processing after recording the podcast. This should greatly reduce latency.
Obviously the least latency would be to record on a track with zero processing effects. If this would be helpful let me know and perhaps I’ll add such a feature in an update to the Pro Podcast Presets.
Here’s a video to show all the above in action. Enjoy!