Audiobus: Use your music apps together.
What is Audiobus? — Audiobus is an award-winning music app for iPhone and iPad which lets you use your other music apps together. Chain effects on your favourite synth, run the output of apps or Audio Units into an app like GarageBand or Loopy, or select a different audio interface output for each app. Route MIDI between apps — drive a synth from a MIDI sequencer, or add an arpeggiator to your MIDI keyboard — or sync with your external MIDI gear. And control your entire setup from a MIDI controller.Download on the App Store
Audiobus is the app that makes the rest of your setup better.
Stereo to Mono?
Of course, AB outputs to stereo regardless of the source. Should I be converting tracks to mono before mixing?
Vocals, guitars and instruments make sense. How about a panned drumset? Convert to mono and re-pan? As I understand it takes more CPU and drive space to process stereo than it does mono.