If you 300ms latency then yes, you defeat this detection mechanism.
Find the ASN(s) advertising that network and figure out their location.
Even within the ASN there may still be multiple hops, and those IPs may be owned by others (eg the hosting facility) who are not playing the same latency games.
In addition to active measurement and research, there are many other sources of data we use. Also, we are actively investing in R&D to develop new sources. Adding just 300ms of latency at the end of an IP address would simply appear as noise to us. We have dozens of locations, hints cut through the noise.
We welcome people to try to break the system. Perhaps it is possible to dupe this system.