Arduino Uno Latency Timer?

With an Uno you can check the physical communication between the ATmega and the USB chip and between the USB chip and the PC. A logic analyzer may be helpful.

I wonder what bothers you with bundling. Does it slow down the Serial transmission?
Hmmm, cannot be because there is no synchronization between ATmega and USB chip, i.e. whatever is sent on Tx is sent over USB as well.