Yes, you need this
This was my introduction to Slate Digital products and I must say it has lead to other Slate purchases. I'm not going to get into the additional modules available since they are ultimately additional purchases and I want to only touch on what's included in this particular product. Both eqs are excellent, I tend to lean toward the FG-N for most things because it just sounds great and it's a little simpler but the FG-S can give you a little more control for fine tuning. Both compressors are excellent as well. The FG-116 does a killer job on certain things especially drums and bass where the FG-401 seems to be a little more flexible in some instances where the FG-116 is not quite working. These 4 modules will handle most of your eq and compression needs on your tracks. While I'm not going to get into additional purchases I will say there are 2 additional FREE modules available for the VMR they are the Monster compressor which is much like the FG-116 on steroids, and the Revival which is great if you just need to liven up the top and/or bottom end. The VMR is a great addition to any home studio.