So I know you double-posted this question; here and over in the
Tascam forum. It’s best to just post in one place. It’s harder for you and members to track the conversation in multiple places and also confusing for future generations to get all the info if somebody comes seeking similar info. So, just a suggestion.
And here’s the main thing to wrap your head around…with your 4 effects boxes that you want to have access to all the time, two with mono input, two with stereo input (though I argue unless you have a stereo source to process there’s no benefit to connecting both inputs, and BTW some of those older Alesis effects boxes are not true stereo input anyway…check that out…I have some of these…), and all with stereo output, you need 6 output channels (2 mono and 2 stereo) to feed said effects boxes, and 8 input channels (4 stereo), to return the outputs of said effects boxes to your console. I know I’m stating the obvious, but I want to do that because no matter how you connect things and no matter what output busses or channels you use and return channel pathways you use, you can’t get around that basic fact.
Now let’s look at the M-312B…it has 3 AUX buss channels, period: 1 pre-fade (AUX 1, and for send-type effects like reverbs and delays pre-fade is far less desirable and in many cases just won’t work), 1 selectable pre/post-fade (AUX 2), and 1 fixed post-fade (EFF). You need 2 more sends and they need to be stereo at least if you’re stuck on feeding the Alesis boxes stereo signal. And on the return side of things the M-300 series has two mono effect returns (EFFECT RTN 1 and EFFECT RTN 2). You need 6 more channels of returns.
For people with need for more returns than their console has dedicated returns most people use input channels. I don’t know if that works for you, to use half of your channel strips as effect returns, but that’s the only real clear option for you if you want all these effect boxes in use at all times. You could also return one box using the STEREO SUB IN jacks which puts the effect box output right before the main STEREO L-R fader. It is best to connect an effect box that has an output level control so you have some control of the mix of the effect box output and the main mix. You have very little flexibility using the SUB IN jacks as a return, but it’s an option. Another option, if you are not using your TAPE IN jacks for multitrack returns or other sources, you can connect effect box outputs to those, and then in the MONITOR mixer section source those TAPE IN jacks in the monitor mixer channels by pressing the respective TAPE RTN switches, and by also pressing the associated ON switches and using the LEVEL and PAN controls you can discretely assign those TAPE IN jacks to the main STEREO buss.
As to your need for 4 more send buss channels (2 stereo…again if it was me I’d forget about stereo and make it 2 mono sends), your only other options, if you want to use summing busses, is to use your PGM groups as effects sends. Assign inputs to PGM groups, and connect the respective PGM out jacks to your effect box inputs. Just make sure whatever PGM group channels you use this way you make sure no monitor mixer channels are sourced to the group and ON switches are depressed or you’ll send your effect sends to the group out jacks as well as to the main STEREO BUSS. Also, you can, if there is a single channel you want effected, use its DIRECT OUT jack to feed the effect box.
You may also want to consider incorporating a patchbay if you don’t actually need all effect boxes live at the same time all the time, and rather have everything hooked up to the patchbay for convenience patching.
Another idea for additional returns: you can also get an external line mixer, like any 8x2 line mixer (such as a Tascam M-1 or M-1B) to return all the effects boxes and sum to stereo, and then bring that back to the console using the EFFECT RTN channels.
Again, this may all seem complicated, but these are just options for how to use your console to accomplish what you want even though it wasn’t necessarily designed to support what it is you want to do. If you’re not using your PGM groups for other things and you only need 6 input channel strips for sources and can use the other 6 for effect returns then you’re set and that’s the simplest way. My Studer console has 6 mono AUX sends and 2 stereo AUX sends…10 channels and each switchable pre/post fade, but I have more effects boxes and cue feed needs than that so I have to pick and choose or use other outputs…but there are 4 dedicated stereo returns in the console’s current configuration, and plenty of stereo input channels so my problems are less there. But there are always some sort of limitations and if your demand for inputs channels, output busses and returns completely exceeds your needs with the current console then the only solution, outside of external submixers, is to get a different console. Hopefully some of what I’ve shared above gives you some ideas. You have options but it depends on what else you have connected to the console and how you are presently using the various inputs and outputs.