They are different, but yes, you can do all that easily.
The difference (which for me was wonderful) is that although the X-Touch is a dedicated Mackie Control unit, the Compact has a little utility with it that allows you to set each and every control on it to transmit, essentially, any MIDI command you want it to.
Which was great for me because I already have an MCU Pro and 2 extenders.
What I wanted was to bring a million other functions (Editing, Click, CC’s, etc) out onto dedicated hardware controls.
And it does that wonderfully. You can even save different assignments and load them when needed, if you like.
However, for your use, it has a dedicated Mackie Control Emulation mode. No programming needed.
Not sure how it stacks up because it doesn’t have enough controls to do everything a full MCU will do.
But I would think that basic stuff like faders, EQ, Transport, are handled nicely.
Hope this helps.
EDIT: It doesn’t have scribble strips