We are not that far off I think. You can apply eq to a clip by ctrl+click and choose plugins>eq.
You can preview the eq and is you like it you can apply it but then it renders it (rendering should be left out, we should have power enough to do it realtime).
Also by rendering it, the eq is restricted to the clip, there are no handles, so crossfading is no option (no eq in the crossfade). So realtime eq and in the handles! Then if we could add some sends to this… segment.
DAR SOUNDSTATION II circa 1992 on Vimeo check at 14:45!