Re-amping with CI2+

If I plugged the line out of the CI2 into a hardware compressor, and then fed the out from the compressor back into the input of the CI2, would that work? Would I be able to play a track and record it, on another track, in Cubase at the same time?

I would just try it but don’t want to break anything, I don’t think it would but you never know…