We can probably sort this out...
Can you tell me what model of soundcard you are using?
Also, please open up your audio device preferences by clicking on the text in the upper right corner of the reaper window.
You will see this screen:
Let me know what it currently says in the fields:
"Audio System"
"Input device"
"Output device"
Then click on the "Audio System" box, this will display a dropdown list
Please let me know what options you have listed.
Then, if there is an option called "ASIO" please choose it.
The preference page will have more options at this point.
Please click on the "ASIO Driver" box to show the drop down list of devices, and tell me what you see.
Once I get some answers I can help you further...
==END RANT / information===
What I can say at the moment is that Reaper does a great job of managing latency from soundcards and plugins, but only if it gets the correct information from the card / plugin...
In order to get the lowest latency (the delay between the time you play a note and it gets to Reaper / your speakers / headphones) you have to get the most direct path possible.
Often your computer is set up to have windows be a middleman between the card and the destination, which introduces more latency.
If you can choose the soundcard directly within reaper you will have more direct communication between reaper and your card, keeping windows out of the picture entirely.
Examples of windows middleman situations are:
"WDM Kernel Streaming"
"DirectSound"
"Waveout"
If you have no other options, WDM is usually the fastest.
The best case is that you have a USB / Firewire / PCI (plugged into the motherboard itself) that has "ASIO" drivers.
ASIO is the absolute fastest audio driver protocol, and if you want to have the most satisfying computer recording experience I suggest that you buy a card that has this kind of driver if you dont have one already.
For plugging in Guitars and regular dynamic microphones, I suggest something like the toneport GX which is mentioned in another thread here @ the forums. It virtually eliminates any discernible latency, and comes with the best amp simulators available.
Another route, if you cant get your hands on an ASIO soundcard, is to use a "Hack" driver called "ASIO4All" which often can get really low latency operation out of a soundcard that does not have a proper ASIO driver.
OK... Getting ahead of myself here I suppose.
I look forward to your report.
We will definately get you better performance!!!
Best, Jake