The input display lag on the AAXA M5 is 39.8 ms. That’s relatively high, but still within the acceptable range for gaming – up to 50 ms is considered reasonable, but not great. For reference, 30 ms is considered good, with 16-18 being excellent. At 30 ms of input lag, you’ll be just one frame behind on 30 fps games, two frames on 60 fps games. The AAXA M5 will be suitable for all but the most serious gamers who are playing team games online like Call of Duty.
That input lag of just over one frame of the AAXA M5 is not really a big deal. My projector, the Epson Home Cinema 5040UB has an input lag of 30.9 ms. We’ve played Call of Duty WWII and Star Wars Battlefront 2 online with no lag issues on the 5040UB, and we tend to get highly competitive. With the input lag of the AAXA M5 being just under 9 ms more than the Epson, I think it’s safe to say you won’t have many issues with lag, if at all.
That said, the AAXA M5 should work great as a gaming projector for casual gamers. That it is a portable projector makes it more desirable for gaming, as you can take it to friends’ houses and project on their walls for a really cool, “big screen” experience. It’s also great for gaming if you’re traveling to Grandma’s or some other place where time literally stands still.