Maybe have a look at SWS live configs.
Haven't used it myself though so I can't give any further comments.
http://sws.mj-s.com/download/S&M_LiveConfigs_Ed2.pdf
http://forum.cockos.com/showthread.php?t=96289
https://www.youtube.com/watch?v=5skCsvJ7vE4
(I don't know how recent these links are)