Some people still much prefer a loop to be instrument level. I know several excellent players who prefer this so they can run whatever vintage pedal they want and they hate, hate all processors. I reallize a processor willo take you away from warmer vintage tones and more toward hi-fi, and not everyone wants this. I think I kind of found the best of both worlds with the Glass Nexus I run with my mod 50.
By the way, what is the Renegade? I know about the Rebel.