But it is probably better for mixing than for recording.
The only way you are going to get decent recordings is if you have a external USB Soundcard and Audio Evolution Mobile plus their USB Audio Recorder or wait until they implement the same thing on n-Track Studio...
Have not tried this one so do not know how they deal with the latency when recording live.
I found that with the calibration in n-Track studio it worked good even if the effects section did not want to work properly for me and have not seen an update since then dealing with the issue...
In either case it looks good and comes with a decent set of effects and some automation.
There is also a more featured version for Windows / Mac with a 30 % discount for January not too expensive 51 € / 70$.
MixPad Multi-Track Music Mixer
Homepage for Windows / Mac version / Kindle: