It's possible to change the ableton link offset, no? Would that help?
I never used it myself, but I saw this screenshot a while ago:
There you can see the ms offset to the left.
Weirdly the manual does not mention it.
That could certainly be true.
The latency delay would be on the channel you are using for your audio in Ableton. Delay is at the bottom of each channel (there is an option to show or hide so make sure it is showing.)
That is what is suggested to use if the software or hardware doesn't have that option by Ableton, when using link.
More than likely you would adjust the master channel in Ableton delay. The only time I have used the delay was for drums and hi hat patterns.