No, cycle recording is not out with an HD.
Basically, you’re overthinking this.
Most HD’s have various settings (think Cubase Preferences), one of these is usually something along the lines of “New Take = Overwrite or New Track”. So, in your scenario, you could set it to basically create a new .wav (or .mp3 or whatever format the thing records in, most do .wav) file everytime you hit STOP, , and REC again. So, in your example below, you’d wind up with 8 different .wav files for that track which you would import into Cubase, each in its own lane. It’s quite easy actually. I do this all the time (with a Zoom R24).
Now, mind you, you may or may not like the “extra work” of transferring/renaming the files (dependent on the mechanism(s) the device gives you), and so forth, but the cycle recording process is pretty straightforward.