Hi - thanks for the quick reply.
This setup is exactly what I needed to know, thank you.
It does seem to mostly work now, but I am noticing a few issues in Cubase.
The metronome button does not seem to turn the metronome on/off. More troubling is the channel faders, if I move the slider up and down on the controller, I can see it trying to move in Cubase, but it seems to get hung up/stuck and does not respond for a while, if I keep moving the slider sometimes it will jump a little in Cubase but then get stuck again as I'm moving it. It is less of a minor sticking and more of an unusable control - it's mostly unresponsive despite seeming to work sometimes.
Normal transport controls work great, the pan knobs, undo, save, punch, all appear to work properly. It is only the channel faders and metro button I am having issues with.
I'll experiment with it more and see what I can figure it out. Let me know if there is anything I can try. I use Cubase Elements 9 on Windows 10.