A report of what I've tried and the results:
First I glued the guitar parts together as I found the Audio loops tool only wanted to see parts.
After which I selected the track, did this with both tracks, then opened the Audio loops. Filled out the forms then...selected the key the song is in, then hit save. Before saving, I noticed the key changing device would not change the key of the guitar part...?
Just a note, the song length is 3:40 at 24 bit and is a non-looping loop. I'm presuming...that loops are in the short range...I've heard that they can only be 8 bars...is that true?
I hit save anyway. The file ended up in my Logic folder. I dropped it into the loops bin and tried to change keys with the loops key tool on the bottom right of the window. It didn't change anything.
I then dragged it into a song, creating a region. I then changed the key in the global tracks area. No change again.
I'm wondering if I missed a step...or what?
Suggestions? I really hope I can get a handle on this process as I believe the process can be potentially a really cool way to tweak a song, especially if there is no sound degradation...like I've heard on some of the samples in the loops bin.
I really appreciate the help!
Okay...an update...I changed the button to Apple loops and redid the conversion...the key changing tool works...but the tempo is definitely off.