Well there you have it, ladies and gentlemen. A solution to the need of the few.
I took three guitar tracks, set them for stereo interleave and routed them via post fader sends to another track that had Sidechain Mixer in the first slot of the FX bin. I switched the output on the source tracks to NONE and set the destination track's output to my ALL GUITARS bus and I could control the overall volume of the Electric guitars with the new destination track Electric Guitar Mix. I could blend the individual guitars via the track fader or the send levels. Of course my preference is the track fader.
I also verified that if I set the output of the source track and the output of the destination track to the same bus, I get a parallel copy. I confirmed to myself that another FX added to the bin after Sidchain Mixer would work properly and it did. I placed Channel Tools in the Electric Guitar Mix and flipped the polarity on the channels and as I adjusted the fader on the EG Mix, the source track and the destination track started to cancel. I never got a full cancellation because I didn't match the levels as they should be but I didn't hear any change in tone as the two tracks started to cancel and that gave me confidence that there is no phase issues. At least I didn't hear any.
I did get some phase issues when I engaged a second effect in the parallel tracks FX bin but it mysteriously went away after I started looking for the cause. I'm thinking it was a temporary ADC issue and when I restarted the audio engine, it synced back up properly.
Good job, Silk Tone.
EDIT: Just for giggles, I tried arming record mode and recording to the destination track. As expected, no recording. No, Freeze doesn't work either.