I have to admit this is the one area of X3 that I haven't really explored in depth - I've had cursory attempts at it but never really progressed far, mainly because I thought it seemed too fiddly and besides, I've never really been a "comping" guy, more of a "stop, curse, hit CTRL-Z and hit record again for the 74th time" kind of guy.
But tonight while recording a 32-bar section of quite fast and finicky Telecaster chickin' pickin', I finally realized it was time to delve into it. The problem was that I'm eventually putting the part through a sort of DIY tremolo effect in Guitar Rig (for some reason I find hooking an LFO unit up to a volume pedal seems to sound better than all the dedicated tremolo effects I have). The problem is that unless the timing of my picking is absolutely bang on (and it's fast 16th notes we're talking here), the attack of the notes would poke into the tremolo and ruin the effect. I was doing take after take and no matter how hard I tried to turn myself into a human metronome, there'd always be a few bars where I'd screw up and ruin the passage.
And then it dawned on me - speed comping. Without further ado I watched Eli Krantzberg's Groove3 tutorials on the subject and whipped up 15 takes. I'm speed comping them now, literally bar by bar, picking the most perfect bar out of each take. It sounds great! I can't believe how fast and easy it is. Sure I've heard others gripe about certain aspects of it and I'm sure that now the technique is in my arsenal I'll see room for a few improvements as well. But right now I am totally blown away by the workflow Cakewalk have given us with this. Thanks Cake!