I fixed the issue. While waiting for Blink support to get back to me I took to my router settings to see if anything was causing issue. My beacon interval was set at 1000 so I set it at 100. Presto, the whole Blink system started working correctly.
I confirmed this by setting the interval back to 1000 and indeed did experienced the slowness. I then changed it back to 100 and,as it did the first time, it fixed all the issues.
Now, my live view connects in about 6 seconds and has a 2 second delay on the video, which is full video.
The motion captures are exactly 10 seconds long and will trigger again 10 seconds later.
Hope this helps.