I don't know if this is a better way but I have been creating empty compound clips in the events library opening them and adding and editing those compound clips as if they were sequences instead of using projects as sequences. This work flow does have it's down sides as well as it's up sides.
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Dean
"When I see you floating down the gutter I'll give you a bottle of wine."
Captain Beefheart, Trout Mask Replica.