I have never seen a capture device with USB interface have any kind of usable latency, you'll want one with PCI Express interface.
Elgato makes a capture card with PCI Express interface, I had a friend who used one to play all of his consoles on big virtual screen in VR. I tried out Mario Kart 8 for the Switch and it played great.
The 2X part means the DVD drive could read DVDs at up to 2X speed