Sorry, Ted, but the whole point of the Chord Sequencer was that it was always interactive. You didn't record and store the changes in advance... You just let her rip during the first verse and chorus, so if you felt like reharmonizing, no problem. If you felt like using bass inversions during the verse (but without Bass INV ON) you could, and then when you switch ON BASS on on a second or third verse, there they were...

That was the beauty of the Chord Sequencer... for those that like to reharmonize (and hence those basically unlikely to use SMF's), you can play any whacked out chords you want... and do it differently tomorrow..!

If you are going to record the changes in advance (I think Korg's can do this), this isn't that big a step to using SMF's. Chord Sequencer was always LIVE, always in the moment, always improvised...

I still for the life of me can't understand why arranger players didn't seize this idea and run with it... it's EXACTLY what they all CLAIM is important about music, about the difference between SMF's and arranger play... that ability to improvise, to change things around, to be different each night rather than the same old, same old...

That was the Chord Sequencer in a nutshell...
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An arranger is just a tool. What matters is what you build with it..!