Why a browser can run a DAW at all
The Web Audio API is not a media player. It is a node graph - oscillators, biquad filters, convolution reverb, dynamics compression, waveshaping, analysis - executed in the browser's native audio thread and scheduled against a clock that is accurate to the sample. AudioWorklets let custom DSP run on that same thread instead of competing with page rendering. Put differently: the parts of a DAW that must be fast are not written in JavaScript, and have not been for years.
The honest limits
Output buffer size is chosen by the browser and the operating system, not by you, so you cannot dial in a 64-sample buffer the way an ASIO driver can. There is no VST or AU hosting. Nothing works with the connection down. These are real limits, and they mark exactly where a web DAW stops being the right answer.
What the trade buys you
No installer, no authorisation, no plugin scan, no version drift between your laptop and the studio machine, no folder of projects only one computer can open. For a producer working on beats, loops and sound design - which is most producers most days - that trade is comfortably worth it, and it costs €9.90 a month instead of several hundred up front. The production software page lays out the full stack that replaces.