I was finally able to test the wired video adapter. It is a great and NECESSARY accesory for the OSMO imho. The lag is virtually gone. And it opens the wifi communication line.
One of the main problems was the lag during manual focus. Now with the wired adapter, it feels like a physical dial with no delay.
Things to note:
Connect all cables before powering on the OSMO
Make sure you are on the correct firmware
Use a high quality USB cable
Update: Now that the wifi communication line is open, I would like to see if I can have the tablet communicate with a PC. This is especially useful for Live Streamers. Stay tuned.