Uncle Dave:
If it helps, I performed your experiment - bank change commands to a JV-1010 through sustained pitches - using a sequencer (my computer). I get no delays. However, there is no sustain through the patch change. Of course, since I'm not playing this directly with a keyboard, and since I don't have your expansion board, I'm not sure how helpful I am!
Is it possible for sustains to be held through patch changes with some modules? It's a wonderful idea. Since I'm a sequence-only guy, I've solved this problem through multiple channels and coordinated fade-in/fade-outs, but I'd love to do the B-3 thing! I've heard the E-MU module - it's pretty good . . .
But that's me - it's just like an old guy to want to reproduce his youth through synthesis!
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"The problem with the world is that the ignorant are cock-sure, whereas the intelligent are full of doubt." - Bertrand Russell