Figured out a way to do this.
After I have set things manually with compressors, studio chorus, etc… within the VST mixer, then within the channel of the regular mixer, I right clicked and chose to save the settings.
From there, you can set up a command key which loads the settings.
In my case, I saved a setting for guitar, bass, drums, strings, keys, etc… into one folder and I have the command key command+shift+L, which brings up the load settings dialog box and select the settings that I wish to apply to that channel.
This way I do not have set the compressor, studio chorus, flanger, etc… each time over and over again.
Happy Holidays - Hog Samakhe or Merry Christmas