With V-Ray 7.00.01, the Live Link is nearly instantaneous. When you move a wall or stretch a component in SketchUp 2024, the V-Ray Vision viewport updates in under 100ms.
"Failed to initialize V-Ray for SketchUp" V-Ray 7.00.01 for SketchUp 2021-2024
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Scenes from V-Ray 6 not rendering correctly With V-Ray 7
V-Ray 7.00.01 uses Chaos License Server 6.0+. Both fixed-seat and floating (network) licenses are supported. No major changes to borrowing or offline licensing. "No license found"