If you read what i wrote i was experiencing this bug in all 1.8 builds, including 1.8.8
I formaly had it running with 3Gbs allocated but that is when I first noticed the issue so I set it to the default to see if that was the issue but the latency persisted
32 chunks but it has always been like this and never caused issues
I was unable to recreate the bug on my laptop but if need be i can provide a recording of the issue on my other pc
Seems to be fixed now that I have uninstalled java but this is still a serious bug that needs to be fixed