Assuming Model:Cycles is receiving clock from Ableton, take a look at Step 4: Adjust The MIDI Clock Sync Delay here https://help.ableton.com/hc/en-us/articles/209071149-Synchronizing-Live-via-MIDI. If you keep adjusting this parameter and recording a 2 bar loop to see where the transients line up with the timeline grid, you can usually dial it in so they’re properly in sync. Also note that (for some arcane reasons) direct monitoring an audio track that is being recorded can introduce latency. For safety it’s best to monitor on a separate audio track to the one that’s recording.

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