This is a very sloppy app. There are many flaws and this hardly merits a review, however, here it is. The complaints about this app are legitimate. I have never used it in a single song even though I have recorded hundreds of tracks since owning this app. Besides the lag, the loop function is perhaps the most irritating thing as there is a slight pause before the loop repeats. This makes any BPM syncing dodgy if not impossible.
Another beef I have with this developer is the cryptically repeated "bug fixes" in the update description. This is a red flag for me and many other App Store customers as well. It is a habit of developers that are ignorant, lazy, or both.
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