Do you want to compensate the delay time manually using Ableton’s Track Delay Section, or use “Menu → Options → Delay Compensation”?

In the latter case, the patch’s defined latency is used to compensate it automatically.

Note: If you switch the chain of an Instrument or Effect Rack, the delay cannot be compensated automatically. You must then delay the track manually to use “Chase MIDI Notes” for flawless playback.