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if you only wanna broadcast to one, set it to only people you invite for the broadcast settings.
exactly, right now it goes through the steam server that handles the stream so that more then one person can join without increasing the load on the person broadcasting, and that is quite nice, 8 seconds is not that bad at all, better then twitch at least when I tested it a bit ago, it had around 15 seconds delay.
Directly sending the data to a specific steam user without having the distribution servers handle anything would significantly reduce the lag, kinda like the playstation 4's share function, that goes directly to only one person and there is absolutely minimal lag because of that. Adding this as an option to broadcast would be so very nice, for when you want to help a friend.
also note you can set the privacy settings and such here as well.