Anyone know if it’s possible to record a looped section of an audio track into a separate audio track? I’ve tried using the independent track loop but that doesn’t seem to work on audio tracks.
Yes it is - via “recording from busses”
Independent track loop does also work for audio parts.
Hey, thanks very much for your reply 
I’ve tried right clicking on the toolbar in the audio editor to show the “independent track loop” button as in the manual, but whilst I’ve got it in the midi parts, I don’t have an option to show it in the audio editor - any idea where I’m going wrong?
Would this be something I would need to do via the “control room”?
You´re not opening the audio part editor. Events to parts.
No
Ahhhhhhhhh, thank-you very much! I mainly use midi and VST’s, so I didn’t actually know this existed, thanks very much!
Got it! I’m far from a super-user, really appreciate the help 
i find the phantom bus also useful for Render In Place. I use a mono phantom bus for that if I quickly want to convert a stereo track to mono.