Encoder buffers in milliseconds. SRT encoder buffers are unacknowledged stream packets (reception not confirmed by the receiver/decoder). The encoder buffer in absence of congestion or packet lost is around the RTT value. In presence of recoverable packets lost, the value should be between the RTT and Latency. Encoder buffers above Latency will most probably have an impact on the decoder and affect the user's experience.
Tip
If the Buffer goes to or above the Latency value often, then there is most likely insufficient bandwidth to support the desired bitrate. In this case, decrease your bitrate.
If the Buffer occasionally goes to or above the Latency Value, then the SRT Latency should be increased.