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The API 500 series lunchbox is a studio friendly, rack format into which you can now slot some hi fidelity Moog filters. Moog's The Ladder, is designed for studio use, to tweak and colour the audio and apply some Moog filter lovin' rather than as part of some new modular synth format. Trent Thompson demonstrates a few mix applications to great effect.
The Ladder features include:
NOTE: The Ladder's Resonance control can push the unit into self-oscillation. This can be used for effect if desired.
Thought so, Space, ModFactor, Time Factor and Pitch Factor