Lucid knows better than me, all I can say is I use a Smart TV to watch TV with only a wired mains supply. It connects to the router and gets TV from the broad band connection. As to if there is any buffer in the Smart TV I don't know. But there was a warning when I first came to use it that I needed a TV licence so although not using the TV or satellite aerial or dish it is considered as TV.
Be it Virgin, BT, Sky, Freeview, or satellite free to air, they all have plus and minus features. The problem is there seems to be no comparison website giving all pro and cons. The same with the TV and set top boxes, (Should we still call them set top?). I have a SkyHD+ box, a bluray player, a collection of free to air and freeview boxes, and two "Smart TV's" and each one is different. Some are wireless to router, some are wired, most will take a hard drive or memory stick, half will record and play, other half only play.
Even the formats some need high quality recording, so even looking for MP3 on the box does not mean it will play all MP3's.
My first LAN connected unit was a bluray player, I expected the rest to be the same, but that was not the case.