I have been working on getting accurate transport information provided to LV2 plugins. Until now, there was the ability to specially designate e.g. BPM control ports, but this has limitations, the most obvious being that it is is limited to conveying simple numeric values at the start of a cycle.
In general, things are headed in an event-based direction, and this is no exception. The LV2 Time extension defines all the properties needed to describe a transport position/speed/tempo/meter and the LV2 Atom extension defines a dictionary type that can be used to send several properties at once in a single event. The host sends updates whenever the transport has changed in a way the plugin can not anticipate (anything but rolling along at the same speed/tempo/meter). Since events are time stamped, this makes it possible to give plugins a sample accurate tempo map, even when there are changes in the middle of a cycle.
There is a new example plugin in the LV2 repository, eg-metro, which is a simple metronome that follows this scheme. If the host implements the above, the metronome will click in sync with the host transport.
I have implemented this in Jalv (which uses Jack transport), Ardour 3, and Ingen (via a new internal "Time" block). Ardour will send an update at the start of the cycle if a relocate has happened, and one on the exact sample of any meter or tempo change within the cycle. Due to the limitations of Jack transport, Jalv and Ingen will only send updates at the start of a cycle. The metronome should tick correctly when loaded in Jalv or Ingen when there is a Jack transport master active (I have tested with Ardour), and when loaded directly in Ardour.
This functionality is pretty important for many musical plugins, so hopefully other host authors implement it as well. Depending on feedback (and available time) I may document the above rules as a feature and add it to the time extension, and release LV2 1.2.2. I think a well-defined way to achieve this is worthy of a point release, and it will get the news out there to implementers.