Check with lsusb if it's macrosilicone for sure.
I'm not a fan of these grabbers but they have relatively low lag about 100ms
I dont have that type of grabber..maybe mjpeg could improve latency, but yuyv is preferred for quality and low CPU usage.
For curiosity, I checked the grabber delay by connecting it directly to the same pc from which the signal comes.
The result seems normal around 100~200 millis
Decided to play around with setting up the capture device. Setting framrate from auto to max from list (30) and size decontamination to 10 improved the delay. (640x480)
But it didn't improve enough to make it comfortable for me. I think it is about 300-700 milliseconds.
Next thing Smoothing....
Turning off smotthing improves latency to acceptable lvl but it's so flickering without it! ~100 millis
Before that post, I had to set the "Time" setting from basic 200 to 50 because then the delay was even worse.