What is the problem?
Rather than do a live recording of parameter adjustment users would find it more more effective to set a LFO to modify parameters
What should this feature achieve?
This would provide a more precise way to automate parameter changes. For example adding a sine wave LFO to filter cutoff would create a sound that changes over time giving the audio a more interesting sound.
Are there any workarounds?
Yes you can record the parameter change in live mode but it is clunky and difficult to get the results you want.
Any links to related discussions?
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Any references to other products?
This is a very common feature in DAWs and hardware.