Appears to be a bug. You can see in the screenshot how the timeline is set and following the 5/8 TS, but the loop point has to be offset in the MIDI editor (loop point is set at 03.02.00 but shows at 03.01.00 on the timeline).
[img]http://img261.**************/img261/7435/untitled19ie.gif[/img]
Good catch.
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