No, Bill, you just don't get it......... (THIS is why more of you aren't howling for this feature!)

The chord sequencer is something you use LIVE, whenever you feel like it or need it, exactly like an arranger. You COULD record every single song you do to your internal Song Recorder and then play it back as an SMF, but then you lose ALL interactivity with the playback and structure, EXACTLY the reason you got an arranger in the first place!

You don't have to pre-prepare the song in advance, and you don't have to do it the same every night with the chord sequencer, and you can switch in and out of it's use on-the-fly while you are playing your Arranger.

Most of the reason we all use arrangers is to get away from the preset nature of SMFs........... Here is a way to help take the LH chord duties away, if you want, when you want, and use your left hand for the bender, or rootless comping, or ANYTHING.

From what I've read, the Ketron implementation of this idea has possibilities, but is somewhat different. First and foremost, there is a 32 bar limit to the loop, which you can't always guarantee is sufficient (though I agree, probably will do most of the time), and playback of the loop is not still under the players control - it either plays it back the same each time, or it applies it's own decisions about complexity and volume, when all you want to do, in all likeliness, is to vary the fills and variations on each go-round to avoid repetition. YOU are still in control with a chord sequencer. (IF I've got it wrong about the SD5, let me know)

Come on, everybody, what about this unbelievably useful function don't you feel YOU need? Let me know, because I still fail to see how anyone could NOT appreciate one......
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An arranger is just a tool. What matters is what you build with it..!