Lower latency means less buffering, which means jitter shows as stutter. Higher quality means more bitrate, which means less link margin and earlier failure at range. More robust modulation means better range and less throughput for the same spectrum.
There is no configuration that wins all three. What there is, is a correct answer for a given operation. An operator flying a survey grid wants picture quality and does not care about a quarter second. Someone landing a platform manually, or directing a response from a live feed, needs latency and will accept a soft picture.
So the useful question is not what latency the link achieves, but what the operator has to do with the picture. That question decides the encoder profile, the buffer depth and the adaptation policy, and it should be asked before any hardware is chosen.