I experienced noticeable latency using ffplay so not great for real-time (multiple 100ms, upping the framerate to something like 100-200 reduces the latency but it's stupid). I have much better latency sending the frame data to a browser using websockets and displaying it in a canvas...
Sources: https://ffmpeg.org/ffmpeg-formats.html#rawvideo https://forum.videolan.org/viewtopic.php?f=13&t=57938&p=1936... https://wiki.videolan.org/Chroma/