Yes... CS saved with the Songbook, and the ability to edit it easily in the Sequencer (to quantize it or do a little editing if you made one flub) would be handy.
The 'Third Hand'... Maybe someone needs a snappy name for the feature? Chord Sequencer really doesn't describe what it does. There's no 'sequencing' in the sense that anyone currently uses the term. It's a LIVE third hand..!
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An arranger is just a tool. What matters is what you build with it..!