Latency solution
As a general rule, latency is as low as you're going to get as like you said, its physics based. The exception is that one ISP might have a quicker route to your destination than the other, in which case picking that ISP would technically mean lower latency.
The big problem is, you're never going to know which ISP is best for any given destination. So if one is consistently better than the other for a specific destination you use, then you could have a router policy that always uses that ISP for that destination (I actually have a rule on my router that sends traffic out a US VPN for a couple of websites that are geo blocked). But in the real world, that's going to be a lot of effort and routing can change at any time, so there are no guarantees that the quickest ISP to where you want to go isn't suddenly the other ISP.

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