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should i (and is it a smart buy) to get the mbox and use the project mix as i always been doing.
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You really wouldn't be able to; if you got the MBox you would be limited to 2 I/O period. The Project mix inputs and outputs do not work in LE (the software for the mbox). The only thing that the Project mix would be good for in that situation is as a MIDI controller.
You best bet is just to get your own MPowered and call it a day.