Just use a Flex Machine directly for that. You don’t need a Pickup Machine to do what you describe above.[/quote]

Except a Flex Machine wouldn’t automatically tempo adjust the Octatrack to the original tempo of the source material, would it (if so, I’m in 100% agreement)? Would it auto loop it as well (meaning would start playing immediately)? That I’m unsure of as well.

[/quote]
Ah, sorry, I missed the bit about you wanting the sequencer BPM to automatically be set to the BPM of the source material. Yes, the pickup machine is the only one that will automatically reset the sequencer BPM to the sampled audio BPM. The flex machine has BPM detection as well, but you have to open its Audio Editor to see what BPM it guessed from the source, and it won’t change the sequencer BPM automatically.

Yes, you can do what you want, as stated above, with the Octatrack - sample with pickup machine track, use flex machine track to do stuff to the audio directly in the pickup machine track’s recording buffer, or just sample from pickup machine output into its own recording buffer.