I know this is two years later, but wanted to add my experience with the current version of Ableton (seems like it may differ with how “reduced latency when monitoring” affects things - now it seems like it doesn’t matter if your tracks are grouped or not as @dialecticsines suggested above). So, it will affected recorded audio, period, no need to group anything unnecessarily. I’m using the A4 MKI and attempting to line up the cv and a4 tracks using the most recent beta version of OB (def waiting to upgrade to the official 2.0 because seems like so many problems!!!)
I have “reduced latency when monitoring” ON, and actually prefer it this way so I don’t feel lag when testing out ideas and having to switch back and forth between ON and OFF seems like a workflow annoyance. So, I ended up having to set the non overbridge tracks (in my case modular, going into my MOTU 8A) to a negative track delay of -24ms. It should be noted that this is NOT the measured value of the overbridge plugins given by Ableton. So, it seems that if you want perfect (or near perfect) alignment, you need to experiment with your setup to find the correct offset. I’ll also say that, thankfully, the recorded audio from modular didn’t shift after turning off one machine (I also was using the AR, so tried both with, and without that machine turned on. I didn’t however, remove the plugin, perhaps if I did it would have affected things, but for me it’s just to keep my computer a little less hot by turning off a device when not using it).
I am curious about what @zfigz suggested but I can’t imagine having double the number of tracks (I already have MIDI and AUDIO tracks for both the AR and A4) just to be able to monitor, and the method I described above seems to work well.
Definitely would love to hear others experience more recent than 2018, if there is an even better, more streamlined way perhaps to deal with this or if there are many people are finding the same method I’m using to be working well, or any potential problems it might cause.
Thanks everyone! Hope we’re all well and safe
edit: I should also add I have “sync” on for both AR and A4 in Ableton preferences, not sure if that affects anything one way or the other, all ears if anyone knows