I\'ve tried the suggestion from fadden to mirror the Android screen to PC, but the vlc player screen show nothing:
mplayer
For the low latency playback, the mplayer worked the best so far.
adb shell screenrecord --output-format=h264 - | mplayer -framedrop -fps 6000 -cache 512 -demuxer h264es -
Note: the above sets the mplayer to consume frames as soon as possible. Though, as a result, the playback window may be sluggish when waiting for new frames.
The screenrecord has a 3 minutes time limit "feature". If you feel comfortable with recompiling it from code, here is a good link.
After recompiling the screenrecord:
adb shell screenrecord --time-limit=31000 --output-format=h264 - | mplayer -framedrop -fps 6000 -cache 512 -demuxer h264es -