I apologize, I should not have made those posts the other night, was too tired to make any sense 
The first post explaining my desired result I think made some sense, but not much of MIDI Bus stuff I mention does.
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Majik
Thank you for your responses.
Correct that is not what I meant, what I meant to say is
“If you create MIDI regions that contain MIDI notes, within MIDI Tracks that do not have instruments assigned to them…”
I apologize if I am not correct, but I think what you mentioned as being the solution is a similar way of generating the limitation I was speaking of.
My desire was to somehow only have to use 1 Ace FS plugin and be able to assign different processing to each of its 16 MIDI channels.
I think what you describe is a way to have only 1 MIDI Track, that contains all MIDI data (within its 16 MIDI Channels), and then it gets sent to multiple MIDI Bus Tracks that each have to have an Ace FS plugin inserted. This covers all the MIDI data being in 1 track, but the issue is that the only way to assign processing to each channel of the MIDI channels is to filter each of them into their own MIDI Bus track that has to contain its own instance of the Ace FS plugin.
So in your example it is
MIDI Track containing 16 MIDI channels data > MIDI channel filter fan out > To an instance of Ace FS plugin > processing after each Ace FS plugin
Ace FS plugin receives 16 MIDI channels containing MIDI data > each of the 16 MIDI channels are output (fanned out) > Separate tracks that only contain effects plugins. Which does not seem to be possible.
Am I correct in my assumption of what you are mentioning?
Thank you again for your responses.
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Viviean Sahr
Thank you, I have not tried this.
-I was ideally hoping this would be in some way built into Ardour itself so this would not require a separate MIDI plugin each time I wanted to achieve something like this.
-If this was in the form of a MIDI plugin, this would be the next best option.
-However, this being built in as a part of Carla, to me would not really be desired for various reasons.
Thank again though for the suggestion, at least it sounds like it may be possible / something that someone else was looking to achieve the same use case, enough to go through the effort of creating a plugin for it.