I'm considering purchasing an mbox for my pc in order to collaborate with my friend that i'm recording with. at his house we're running the digi 002 and Pro Tools so it's pretty much a no-brainer what route to go.

i do have one question. when recording at his place with the 002 we can add live effects to instruments going direct line in as well as to the microphone (such as delay, distortion, chorus, etc) so as we play or record we hear those effects live. Will i be able to do the same at home with the mbox? I assume a lot of the processing is done on the 002 so it will need more of my cpu with the smaller mbox and that isn't a problem i have a fairly beefy system.

any input would be greatly appreciated. thanks ahead of time