Absolutely!
No, that is not the purpose.I assume you can apply effects to multiple instruments at same time
System effects means that you can design systems of effects!
In essence you can have echo on your reverb, or reverb on phaser ..and echo .... and and + and^2 ;P
In fact, you can theoretically design infinite effects..
It is ridiculous versatile!
-But it is not simple to use..
That is in fact the total story about zasfx : Unbelievable versatile, but complicated ;P
I have a tutorial playlist for zasfx
https://www.youtube.com/watch?v=kzJjZFJ ... a4NWWj70pD