Sorry, just saw this. I am not 100% on this; let me go try it out and I'll let you know - pretty sure it has to go ITB through the mix control software to be able to make that happen...
Pikingrin,
I gave up trying to get my old Firepod to do this, so I snapped up a Firestudio 26x26 on craigslist. The control software allows me to set up all the routing within the rack unit itself. The settings get stored in flash memory in the Firestudio, and I can switch off my Win 7 computer entirely and the monitoring still happens. So, zero latency, and at least 8 outputs -- not sure how many of the ADAT outputs can be accessed this way, but 8 is plenty for me!
I'm running my keyboards into my old firepod as a keyboard mixer, so that 2 channels of the Firestudio are dedicated keyboard ins. Same with
my V-Drums, Handsonic, and two OH mics on the acoustic kit, run into one of those dinky mixers. So two dedicated channels for Percussion. That leaves four channels. The two Hi-Z's for Bass and Guitar DI, and two vocal mics. All individually monitor able with zero latency, and all permanently plugged into record whenever inspiration strikes.
The 8 outs from the Firestudio then get run into a digital mixer, a $250 Xair 12, which has ITB effects for reverb on the vocals in the monitors, gates, EQ, compression and chorus/phase/distortion etc.
Just set it all up last night and consider the studio complete for the first time ever.