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>…at MP3 quality.

Not necessarily... why? We have been very successful with amp / pedal modeling through regular DSP methods. You'd be very hard pressed to find an album that doesn't use one nowadays. What makes NN methods fundamentally different?

>it's not going to be nice to play through if it's incurring any significant latency.

Yes but this is a non issue for many of the current systems, actually since a couple decades ago. 1-2ms latency is pretty achievable, especially with a RT kernel. That is the natural latency of a sound source about 1 meter away from you.




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