Hi there,
Actually in Cubase, we can apply an FX ( VST ) on an audio clip, but not in realtime, and there is no automation possible when doing this, we can only preview the clip with the FX and render it.
I admit that this is not my idea, i discovered it inside Reaper, and find it very very usefull, here how it look :
Where you can see the clip and the purple line inside it representing the high pass filter automation inside the EQ…