Thank you msmcleod and chuckebaby, your answers = a wealth of information! I really appreciate your knowledge and experience, which has enabled me to cut through the 1000's of bits of incomplete information found online, in order to avoid costly mistakes in my endeavor to take up home recording in a serious manner. Indeed you've given me some practical insight from which to begin.
Definitely leaning toward the Presonus 192 and FaderPort, but I have one last question for you, your thoughts on the Presonus StudioLive Series III. I know it functions as a control surface for Studio One, ProTools, and Logic, but do you have any idea how it might work with CbB?
Thanks again guys, you've been a huge help!