False. Producer Edition contains Sytrus (FM synth), Flex (modern ROMpler), Edison (audio editor), and many effects. Most chart-topping FL tracks use only Producer Edition plus free or inexpensive third-party plugins.
Use the free trial (unlimited time, only restriction: you can’t reopen saved projects until you buy). Or buy Producer Edition — it’s a one-time purchase with lifetime updates. FL Studio Producer Edition v21.1.0 Build 3713 P...
With Build 3713, audio recording latency is on par with Cubase or Reaper. Playlist track grouping and comping are smoother than in v20. Flex (modern ROMpler)