I am sending the same MIDI CCs to the PitchFactor and TimeFactor. The PitchFactor is getting the information and responding right away, but the TimeFactor has a lag to it. I should mention that the PitchFactor is first in the chain. Could this be causing the MIDI lag?
I assume that the PF is set to MIDI THRU. The THRU operation is pretty immediate, so the chain position is probably not the issue. You could confirm this by reversing the pedals. My guess is that the PF is faster than the TF.