I do exactly the same as you do, but I rarely use backing tracks. I play along with the original and raise my guitar's volume a bit so I will sound slightly louder. And like you, I loop phrases in my DAW for rehearsing parts and finally I record the whole song again but now with my guitar.
And like you, everything is done with my profiler, connected to one of my mixers, a Soundcraft Notepad mixer with usb to my computer and my midi controller combined with 2 KRK studio monitors 100 W each. And all of this in my recording studio at home.
Just to add, I think what BayouTexan is really saying is that reverb whilst it adds depth, also has the potential to make things more "mushy".
Rich deep reverbs sound great in isolation but often get lost in the mix and in fact can make your whole guitar disappear (depending on what else is going on with the band) hence when setting it up you need to check this. This doesn't really show with backing tracks at home, but will do live.
As a result I don't use any reverb live. Means my guitar always cuts through.
Not saying don't use reverb, but don't spend so much time getting these fantastic reverbs only to find they don't work live.