My experience was a delay of half a second, making it unusable for live conferencing.
I think the article is missing the obvious solution: if you can't buy a standalone webcam with as good image/sound quality as a phone, then use/make software that lets you use the phone hardware, there's no need to try to build your own camera.
Filmic Pro supports clean HDMI out from the rear facing cameras on iPhones and some Android phones. You do need a capture card, but if you have a Camlink or the no-name $20 USB capture card that EposVox did a positive review on, you're good to go.
On Android (I have a P20 Pro), I use a USB-C HDMI dongle meant for a Nintendo Switch, but it works with my phone plus it lets me charge the phone while using it.
Filmic also has a "remote" app (~$3, iirc) so if you have an extra mobile device, you can control the camera app remotely (since the phone you're using as a camera has its screen is pointing away from you).
I did not realize that Corsair owns Elgato.