/usr/local/sbin/relaydelay.pl $CONFIG 2>&1 > /var/log/relaydelay.log &
That should be
/usr/local/sbin/relaydelay.pl $CONFIG > /var/log/relaydelay.log 2>&1 &
And yes, that should give you a reasonable approximation
of running as a daemon, although there are things like
it's still part of a process group, so will still get HUP signals from its controlling tty etc.
Dave.