[the all new rob]

Use the source....

I go back and forth on the multiple local channels. If you are in the habit of mixing down your local jam, it's useful to have multiple instruments broken into different local channels. You get stuck with real-time balance choices otherwise.

But, this only applies to multi-instrumentalists or loopers (maybe a dedicated loop channel?), and only the subset of those who want to have detailed remix capability.

I have track templates for both, but it's hard to know which flavor you want before things get going.