If that's all checked, connecting is instant, and you're immediately going to find yourself in the familiar SteamVR environment, ready to play your PCVR games. However, I am getting occasional connection issues at launch, which at least seem to be easily resolved (by resetting the app). ...
just not as much as wifi though in both, you can set bitrate.If your setting bitrate, it's compressing to fit in that bitrate.The HDMI or Displayport don't need bitrate and are not compressing, but I'm pretty sure It's compressing the image to get down the USB3 pipe...