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Actually the update for the Denon only fixed the lag on the crossfader, not the channel faders.
I'm afraid I don't know what the response time of the faders is like on a Xone:92 (although one thing I do know is I hate using a Xone:62 simply because of the lag!) and in response to your question about using a channel for your EFX, yes it would use a mixer channel but the 2 left hand channels (separate from the main phono/line channels) are designed to either act as microphone channels or aux returns, so it would be one of those channels you'd use, thus not interfering with other inputs (unless you need 2 microphones)
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Stu Cox | 

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