There are 2 XLR connectors and 6 rca connectors for input (plus digital input). How many mics you will be using will determine the number of preamps needed. I often use a mixer with subgroup outs for the routing, or if its two vocalists and the rest is line level I'll just set up a couple preamps for the two mics.

In this way the fasttrack may be better if it has the preamps built in.
The XLR connnectors (2) on the 1010lt have preamps for regular mics, but no phantom power. I prefer other preamps usually. These onboard preamps work, but there are better available for little money.

I do not work here, but the benefits are still awesome
Make your sound your own!