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Ive experimented with various sync methods, i found that Lives MIDI clock was actually pretty tight after an initial lag on starting the transport. The clock compensation has a problem though when you add any external effects or instruments, the clock sync doesnt adjust in response to the added latencies, so i found myself constantly adjusting the clock delay.
Expert sleepers stuff gives good tight clock, but since it uses audio, any dropouts due to cpu spikes can cause timing errors or sometimes sync is lost and the mono stops. Pretty rare though, and being able to swing the clock is pretty sweet.