It occured to me that when I set-up this new computer, I didn't even think about installing a driver for the fastrack. My computer recognized the hardware. I couldn't figure out why I had pops and clicks when I tried to record vocals in Tracktion, so I used a different program for that.
Now there are two drivers showing in Cubase. The ASIO driver and the Fastrack ASIO driver.
Installing the updated M-Audio fasttrack driver reduced the latency on the audio monitoring while recording, however there is still a distracting lag if I sing along to a track.
I have no other latency issues in Cubase. When I play the midi keyboard, it sounds right away, and it 'records' in time to the click.
When I record through the mic, there is no latency in the signal to the computer, it records in time to the click.
It is only the audio monitoring that is the issue. We're closer, though!! Output latency reduced for sure. My head is spinning with all this so I think I'll take a break and come back to it in a couple days.


