Elements 9.5 Only 3 tracks?

I can’t argue that.

One thing that is great about WaveLab is that each song or audio clip can have it’s own FX chain so you can use just one Track/Channel/Lane in WaveLab and give each song a unique plugin chain.

I often use two Tracks/Channels/Lanes incase songs need to overlap but in most cases, I could probably use just one Track/Channel/Lane in most projects though.