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This would almost certainly need to be with an Ableton Remote Script along with some custom LUA on the controller itself. Changing which Rack is in focus doesn’t send any sort of MIDI information from what I know.
You’ll want to look into the ‘Blue Hand’ feature. Intech has posted some stuff about it on this forum I believe. The ‘Blue Hand’ is on any Ableton device/rack and it denotes the device/rack that is being currently controlled or interacted with (I think).
Remote scripting is needed to allow a control surface to interact with ‘Blue Hand’ devices. Somewhere in those interactions, it would be coded to send a track color to Grid so that it can be used to update LEDs (super simplified explanation but something to that effect).
I’ve not looked into remote scripts before but it’s my understanding that they are written in Python. I’m sure there’s a lot of tutorials and information on the subject but I’d wager that it can get pretty complex fairly quickly.
With a custom remote script for the PO16 (or any Grid device), you could do a lot of integration. It would take a lot of some effort though.
Perhaps the Intech devs have some suggestions though.