Hi MBTC,
I know what you're going through as I had the same experience when I first got my TI a year & a half ago using the RTAS version in pro tools. Unfortunately absolutely nothing has improved even after countless revisions of this crappy software, the same problems persist & its bloody annoying given the price tag on this synth. There are a lot of people complaining about the latency in FL on the official Virus forum also, so I dont think you are doing anything wrong.
Cubase & Live users seem to have a better experience with VC so you might try one of those DAW's. The only reason I've kept hold of mine is that it sounds sooooo good & I've just got used to not using VC at all, just good old fashioned midi/audio. Killer synth but crap software unfortunately.
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