I have some outboard rackmount effects on my 12 channel mixer rack. It's a heavy unit and I don't want to move it around for live performance......It's funny because I haven't felt the need to use effects yet. I will someday, however I don't think I'll take my mixer rack to a live show. Maybe I'll run it all though my Korg KP3....that is probably what I'll do.
Maybe I'll have to buy a small four channel mixer for a live setup.....Just so I can get the levels right with the KP3 inputs.

My mind is still pushing me toward a clock divider......

Thanks for the input......I did forget about effects.....

I'm still not sure why I want a clock divider...... I guess I have mylarmelodies to thank for that!