We use JXS when latency is critical. Most h24/265 decodes will have a 10 frame glass-glass delay, JXS drops that to 3 or 4, at a cost of bandwidth (our UHD jxs streams are 1.5gbit rather than 200mbit for hevc)
Yeah, we've been deploying JPEG-XS for high bitrate streaming for a while.
A lot of our customers are moving their grading systems into data centres and streaming the images over IP back to their grading suites.
I've got it down to less than 1 frame for encode-transport-decode, but you've still got to copy the image to an SDI card and wait for that to clock out.
That's pretty depressing to read. x264 was handling the encoding side with sub-frame latency 15 years ago, and sub-frame decoding is significantly easier. "with –tune zerolatency, single-frame VBV, and intra refresh, x264 can achieve end-to-end latency (not including transport) of under 10 milliseconds for an 800×600 video stream"
But for some reason you can't make use of that and have to burn bandwidth instead.