Is the TI sending audio back via USB?
It might be that actually the Famton-X is playing late and the TI is bang on the beat - try enabling the click to see whats where.
If you are running the TI via analog outs but with VS, then yes - it will be early as the audio path is very different and plugins cant dynamically declare their latency compensation to cubase - thats a limitation of all VST/VSTi plugins and hosts.
You need to add about 50ms or so to the TI - to get the exact value - find a good tight click sound on both the fantom and the TI (very easy to make a suitable sound on the TI - START patch, amp env sustain to zero, adjust amp env decay until it clicks), then tweak the latency comp for the TI track in cubase.
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