no worries, the internet is a tricky place for communication sometimes…well…most times 
I don’t think that it will work hybrid due to the fact the AXR installs extensions into cubase so when you set up an input from the AXR on your channel it adds a ‘hardware AXR’ menu . This menu is where you send to you reverb, add inserts. The only inserts you can add are the DSP plugins.
You can add regular inserts on the track and with 32 sample latency you’d have no problem latency wise but you’d have to turn off direct monitoring I think to be able to monitor through the software which possibly could mean loosing the zero latency thing.
I’ll give it a go tomorrow when I’m in the studio.
M