Thanks for the responses.
fflbrgst, I shouldn't have called it a tablet, because I wouldn't attempt to use a tablet for this. It's more of a workstation laptop with a detachable keyboard, touchscreen, i7 processor, very powerful. I remember seeing the latency on the upper right and it wasn't bad at all, for recording music, it would be great.
Yes, in this case, I do like to hear what the voice is sounding like wet, to hear the compression and noise gate is important. This is only the case with voiceovers, not music.
Triryche, is that even possible? Can you monitor PF standalone while you're running a VST version in Reaper and silently capturing it? If that's possible, it sounds like a pain to set up but I'd be willing to try.
I ended up just being happy with recording with a headphone splitter. Although, I think I will try to get a used M-Audio Microtrack II as that records SPDIF-In. So this would be in essence the same quality as recording in a daw, except I could monitor it in standlone PF. Had anyone ever attempted to record SPDIF from the UX2? If I try it I'll post my results. I'm not sure if the settings are compatible to have everything match when capturing.