Tapehead wrote: I'm finding the configuration of effects like reverb problematic as I'm used to setting them up in real time.
Yes that can be tricky. I find it especially tricky for effects such as Eq, compression, reverb etc.
Most of the effects have "Preview" button, which is some help.
Because of the way that Audacity works it is difficult to implement real time effects without changing the whole nature of the program and losing many of the advantages of "real" editing. However, the developers have been considering the possibility of "real-time preview". That is, settings can be changed in real time while the "preview" audio is playing. Even this is a non-trivial task to program, but I think it would be a massive improvement.
Unfortunately Nyquist effects do not even have the ability to "preview".
Tapehead wrote:I like using Audacity, but is there also software that would allow real time tweaking of effect
plugins once I have everything transferred?
When I need to use real-time effects I switch over to Ardour (Free, open source, Linux and Mac OS X).
On Linux it is possible to use real-time effects with Audacity by routing the audio through "Jack Audio", but for real-time processing Ardour is more powerful and more convenient.
Similar "DAW" programs are available on Windows and Mac, such as Reaper (Windows - not free but inexpensive and an unlimited trial version), Harrison Mixbus (a commercial product based on Ardour, for Windows, Linux or Mac), Logic (Windows and Mac), Sonar (Windows), Cubase (Windows and Mac), ProTools (Windows and Mac).