If you are going to open Cakewalk BL projects in X3, then save them again, I'd recommend the following:
1. Use "Save As" to save the project under a different name.
2. Either:
(a) Open the original project in Cakewalk BL, then drag the new X3 project in from the Media Browser. This will create new tracks for the ones imported from X3 and you can cut/paste what you need from the tracks whilst keeping things like ProChannel EQ settings etc intact.
or
(b) Open both projects in Cakewalk BL, then cut/paste between them.
Personally, I've found method (a) to be the most reliable with much older projects, but with X3 you should be fine either way.
I would strongly recommend however, installing Cakewalk BandLab alongside X3. There's not a huge difference between them, but once you've started using things like ripple editing it's hard to remember how you managed without it.
M.