Hi Eric,
My Euphonix MC color (same hardware and software with Avid artist) works nice and sweet with Resolve 9 Lite. No delay, no strange behavior and I find the compatibility and default buttons setup just fine.
Are you sure you use latest drivers etc?
Maybe you have some network issues?
I use a crossover network cable in port 1 and I disable the other port (internet) for it to work.
I have also set up the panel to use manual IP address, cause else I had connectivity issues and it is very stable now.
system configuration:
Mac pro 8 core mid 2010
Gt120 + GTX 285
16Gb RAM
Decklink HD Extreme 3D