Hello Willard,
Yes, stereo audio is available with the VGA option through RCA or a 3.5 or 6.5mm female jack.
VGA is 640*480 60fps so yes, 31kHz. The lag is variable, ranging from a few lines to a complete frame.
It would be possible to have an "interdmediate box" along the cable to have it separated from the Lynx, but I'm a bit afraid the length of the wires would impact the signals integrity either corrupting the video output or the Lynx's display.
I'll see if an internal mod is possible, but it might require designing a specific PCB to fit everything (same price, even maybe cheaper, but just longer to make).
I'll be finishing RYGAR's first mod job tomorrow or tuesday, I'll post pictures of how it looks like outside and inside.