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I think you are underestimating the per frame computation cost or massively overestimating the base model PS4. Remember that all fighting games have to lock 60fps, 16ms is not a ton of time for the handoff from input interpreter (SF has to parse backwards over the past several frames to see if a forward input is completing a quarter circle, double quarter circle, dash, etc) > game state update tick > graphical and sfx update pipeline. The issue with clock syncing meant that the worse your machine was, the more your opponent would roll back and the bigger the rollback windows would be because every single frame of your inputs would come late.
Here's an example of the constant one sided rollback: https://www.youtube.com/watch?v=aSB_JlJK_Ks
and an example of how players were aware that mashing caused frequent rollbacks: https://youtu.be/_jpg-ZiE70c?t=105
Eventually PC players learned that they could "fix" this by alt-tabbing out of the game, taking away dedicated GPU processing so they could be the peer that was falling behind.
I can't really speak for Street Fighter V, but I can say that Easel would assign command delay to the person who is introducing it. So if a person is somehow forcing their inputs to arrive later than they should, they would be assigned more input latency so that the other players would be unaffected. Easel also has a lag spike protection system where the server will just forcibly reschedule inputs if they arrive really late for some reason.