Since re-installing the game entirely, the game screen runs rather smoothly most of the time. Though when I use turret mod to view areas, certain areas with lots of activity make the screen jumpy. As well as maybe certain actions as I haven't been in much pvp. (been avoiding it in fear of getting q-q'd and not being able to enjoy the fight)
Also, generally travelling, I can have things pop up out of no where. jumping is the worst thing at the worst of times. The longest I recorded took me 10 minutes, and not lagging out. Its really funny when I am with a group of friends, cus the last time it took me ages to go through a jump, apparently to them, I was waiting to dock, blocking the gate/hole for a good two minutes or so.
/ping gives me on average, my normal ping level I have known for disco 170 to about 220 most of the time, which it has been like that before update 5. But, on average loss is around 5-10% whilst lag averages 30-70%. both loss and lag before update 5 came out were 0-1% for me on average.
I have even lowed some graphics levels, as I know they help reduce normal lag, but doing that has had no effect at all.