I tried many different performance threads settings. I wasn't able to use it to reduce the delay.
I'm going to give up and return the capture card.
I'll add my settings below, in-case someone else wants to try this in the future.
When not using SVP RIFE AI, I was able to remove the latency from the capture card by using mpv with these settings:
SVP 4\mpv64\mpv.conf modified to use:
#vo=gpu-next
vo=gpu
Then my own custom C:\Users\<user>\AppData\Roaming\mpv\mpv.conf containing:
no-audio
#hwdec=auto-copy
hwdec=d3d11va-copy
hwdec-codecs=all
no-resume-playback
demuxer-lavf-o=video_size=3840x2160,framerate=24,preset=ultrafast,tune=zerolatency
d3d11vpp=p010
correct-pts=no
no-correct-pts
container-fps-override=24
#Profile low-latency, working settings
vd-lavc-threads=1
cache-pause=no
demuxer-lavf-o-add=fflags=+nobuffer
demuxer-lavf-probe-info=nostreams
demuxer-lavf-analyzeduration=0.1
interpolation=no
stream-buffer-size=4k
I then launched mpv to watch the capture card using:
mpv av://dshow:video="AVerMedia HD Capture GC573 1"