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I have several tracks that use EWQLSO. I would like to record each track separately as an audio track. EWQLSO's output is stereo. Will I lose a lot of the instrument qualities if I record the track to mono?

You will lose the stereo image, which is important for realism and since the EWQLSO stuff is recorded "in place"--i.e., players on a stage seated as if in concert--you'll get peculiar results depending on which side the instruments were played on vs. how you mono-ize the tracks. I'd go with stereo, for sure.

Thanks for your advice.