I’d say the OT does ambient very well:

  • Can play long stereo samples
  • 3 LFO’s per track
  • Decent list of effects to modulate

You could use this trick to transition between tracks (which relies on play free iso the livelooping the output, although that would work as well): Elektron Octatrack - New method to transition between songs! (Like in Ableton Live) - YouTube

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