Where measured or discussed, latency is portrayed as very low and lip-sync problems are generally not reported, helping the Wireless II work well for TV and movies.
Latency is generally well controlled (including reports of very low passthrough lag), though some setups can see more delay on certain formats over optical or wireless connections.
For video use, reviewers generally report low perceived latency over Bluetooth, and some use the speaker as a simple TV/audio source via AUX when needed.
Latency is usually fine for TV use, and at least one review notes Game mode can reduce processing and help if latency is noticed (especially when using optical).
Lip sync is generally solid over HDMI ARC/eARC, and some reviews mention adjustable delay controls. Results still depend on TV audio settings and passthrough behavior.