What interface do you use? You should'nt get latency nor clipping. BTW It's not necessary to use a DI Box to record DI's, you can record the dry signal through your recording interface just like that, still get a DI box it sounds better. When recording DI's (guitars or bass) you should hear your performance with an amp (real or ampsim) and you can record either both amplified and DI's each on it's own channel OR just the DI so it goes to one specific channel (I prefer recording only the DI's). What I always do is to record the DI in a channel without monitoring and I have another channel for distortion without recording this one, and when I'm done recording and press play, I turn on another instance of distortion in the channel where the DI is going through. Also you should keep the DI signal peaking not too high and when you dont feel comfortable with the volume let's say you have to hear more of your solo's you just have to turn up the volume in the monitoring channel since it won't affect the DI channel that you are going to balance later. I'd suggest you to avoid putting pedals in between your guitar and the interface, only the DI box if you use one should go in between guits and interface nless you are very experienced and then you can try recording your DI' signal with a real tube screamer, etc. I don't know if this is the easiest way to record DI's, but it is super easy and fast for me. I know my explanation was kinda messy I hope you understand.
