Good news, found what I was looking for, which is now on the Devices tab.
Don’t understand the logic of placing it there instead of the Recording tab,
but very happy that the adjustment remains! Thanks!
I agree that it was easier to find in the Recording section, but the logic of placing it in the Devices section is that the setting is specific to the selected device. If you switch to a different device, you will probably have to adjust the latency correction setting.
The settings in the “Recording” tab are independent of which device is selected.