I agree, and I actually mentioned the same workaround in a previous post.
This is only effective when and only using 1 external FX at a time. What if you need to eq and compress or even run your signal thru 2 fx 'pieces of gear before coming back into Cubase? This is where the delay ping is required. Who’s not to say that 64 bit processing doesn’t add some delay… how would one know since it’s not working in 64 bit 