Emu XL-7 & MP-7 User's Group

I'm trying to decide what the best way to bring my XL-7 tracks into Pro Tools would be.  I understand how to route the outputs; that's not the issue.  But getting up to 16 tracks on the XL all out thru 6 little outputs is a little nerve racking.

Thus far I've tried:
-using midi start/stop to make multiple passes thru the mains (so I can enjoy the fx) onto stereo tracks into PT and selectively muting/unmuting various instruments.  The problem I am encountering is that the midi drift unglues the timing somewhat and is not consistent every time.
-Sending all the drums to the Stereo Mains for the effects, then using the 
other four outputs and panning hard left/hard right to get each instrument (or 
as much separation as 4 channels allows me) on it's own track in PT.  The drag here is all the drums are now lumped together.

I was going to try:
-using midi start/stop, and recording a long string of audio for each pattern 
while I mute/unmute the various instruments (so no restarting - I figure that 
will keep the timing tighter), then I would cut/paste them back together in 
PT.  This seems very time consuming tho.
-??

What are you folks that record into PT or any other DAW do? Any help would be 
greatly appreciated.

jho