Why is my Apple Pencil lagging in Procreate on iPad Pro?

My apple pencil pro is lagging on initial touch to the ipad surface in procreate drawing canvas. If I have the pencil pro off the surface and try to touch it and draw a quick circle, the screen draws after I am already done with the circle. If I place the tip onto the surface of the ipad and wait a second or so, I can draw a circle in real time without lag. I can draw a circle from off the surface with my finger instead of the pencil, with no lag. I can draw in the notes app with no lag. I can touch ui elements in procreate with the pencil without lag.

It definitely is acting like procreate needs to update their software, weren't they on stage with you touting the m4 ipads and how great they are for procreate? This is feeling like an expensive fail on my part.

I tried to forget the bluetooth device for the pencil pro then reconnect it. If there are any additional HW fix attempts I can try, please let me know.

My 10.5" pro and apple pencil 1 did not do any of this.

[Re-Titled By Moderator]