MetapluginSynth need not be mfx, really, you load your VST midi plugins(not mfx) and other synths in Metaplugin and Meta in the normal synth rack - all ready to use.
But for mfx plugin bay - it's as you say Cakes job what they allow there.
MFX is DX technology Cake developed together with Microsoft as I understand it.
So my surprise is that not DX and VST coexist in midi bay, when it does in effect bays.
If you want you own arpeggiator like Kirnu instead of built in - or something.
As far as I know, Cubase only allow VST midi effect in theirs. But it could be that DX is not their technology, being creators of VST standard.