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Also you can play with the "slice extension" and "extension time" in the big looplab window, this will extend the slice to fill the gap when you down the tempo.

You can easily reverse a slice in looplab : select a the slice you want, do a right-click with your mouse and you will open the waveform editing tool, then you will be able to apply any process including reverse, but also normalise and any DSP. Don't forget that there is also unlimited undo, so you ...

MachFive2 did read all my old Roland CDROMs almost perfectly... I was waiting this for years !