It's very likely simply a display driver issue that you are experiencing. I encountered the exact same issue after this recent update and I was able to resolve it by updating my display driver.
It seems like it's just "mouse lag" as you describe, but test if it's the display driver by watching a video and see if the mouse pauses in unison with pauses in the video. If it does then it's a display issue.
Go into your Device Manager, select your Display Adapter, right-click and choose to update the driver. There should be updated drivers for most graphics cards by this point.
FWIW, I have a Lenovo laptop, I use the touchpad, and my graphics card is an AMD Radeon R5.