that was with the G16 and my old Atari/Cubase sequencer. Steinberg had written a specific driver for the G16 and the original Atari/Cubase that would allow more specific machine control via Cubase besides basics....so, I was able to in Cubase set a punch in/punch out point...and it was pretty precise.
I think you might be able to do that with other tape decks and DAWs...but to be able to view/edit the actual waveform, while recording/playing back form the tape deck....no, I've not heard of that.
With SMPTE sycnronization...you CAN dump to DAW...edit and then lay back to the deck...which is easy with the G16, but it's going to be a complete A/D/A two-step conversion. If you are wanting to stay all analog, that won't work.
I'll be honest...the combination of a decent tape deck and DAW can't be beat. Sure, there may be something about staying all analog from start to finish, but the DAW has such powerful editing/comping capabilities that it will easily outperform anything you can do with just the tape deck.
If you have a really tight band, and you can record the tracks real good, where you are not wishing you could edit this or that or make any changes....then yeah, you can just stay all analog and live with what goes down on tape.
I am at this point working with my MX80 deck (giving my G16 a rest)....and since I'm now using 2" tape and more pro electronics of the MX80, I am trying to do a song using just the MX80 and no DAW.
It's a bit more difficult for me as I am the only one playing (with the exception of drums, at this time)...so it's not as easy as an entire band playing together. With the DAW, I could easily make up for some of my deficiencies on a particular track.
So far though, it's going along well, and I have been able to lay down tracks that I consider acceptable enough to mix directly from the MX80, without any DAW edits, but it takes a lot more rehearsing of all parts as a solo musician, and even when getting things down pretty good, I know if I dumped to DAW I could really polish up little stuff that may not be real important, but which would certainly improve the final mix even more.
I guess you have to see how things pan out for you. I think if you like going for that "live" feel, and having a more raw/rough vibe with your music....then you will probably be fine staying with tape only.
If you are looking for very polished productions, they are possible with tape, but certainly a LOT easier when you have DAW power, which is why I like the hybrid approach of tracking to tape, dumping to DAW and then mixing back out of the DAW in all analog.
It really is the best of both worlds...IMO...but I'm still going to give it a go using just the MX80 on at least a couple of songs. Honestly, I hate having to play something 20 times just 'cuz there's a little fret buzz on one note, or I missed a single word/phrase of a lyric...etc...etc.
I don't get hung up about editing/comping stuff. It's still all me playing, and I'm just cutting to the chase instead of doing Take 21 - Rhythm Guitar!