The thing is that when we talk in a room, sound will take <10ms to reach my ears from your mouth. This is what "enables" all of the human turn taking cues in conversation (eye contact, picking up whether a sentence is about to end/whether it's a good time to chime in/etc) - I've been looking for work from people who've tried to see at what point things start feeling really bad (is it 10ms, or 50ms?), but haven't found much so far. No matter what it is though, it's likely that long distance digital communications just cannot match it.
See also this interesting comment about the feeling of "closeness" from phone copper wires:
https://news.ycombinator.com/item?id=22931809
Landlines were so fast and so "direct" in their latency (where distance correlates very directly with time, due to a lack of "hops") that local phone calls were faster than the speed of sound across a table, and for a bit after they came out--before people generally got used to seemingly random latency--local calls felt "intimate", like as if you were talking to someone in bed with their head right next to you; I also have heard stories of negotiators who had gotten really tuned to analyzing people's wait times while thinking that long distance calls were confusing and threw them off their game.