there are predefined modulation patterns you can use for drawing in automation. So you can achieve LFO-like automation, but it wont be realtime like with a proper LFO modulation.
I think its good to bring up an important point again - For me peronally, I like using the current MPCs exactly because of the same reasons I loved the older MPCs - the workflow. IMHO the MPC workflow is not for everyone, but for those who love it, the current MPCs are pretty badass machines.
Its not a “DAW” - its an MPC, A drumpler and a MIDI sequencer that uses the 16 pads both as an UI and a drumming controller with a tactile workflow of its own, which is fast and easy to use as long as you’re cool with recording your parts in, with only minor editing afterwards. If you go in looking for a DAW or a step sequencer x0x Roland experience, you will not appreciate what it excels in.