I've never used the demo so besides the import time and play time being limited (1.5 min? ) , I'm not sure what else might be limited.
If I'm reading your post correctly Hoster will do all that with ease. The problem with using Microstudio is that it's not meant for putting on a show. The biggie is the fact that it's not dual display IE you can't have the program on the computer and the lyrics on a TV at the same time.
Except for the fact you want a songbook HosterLite would fit the bill for you, but since you want a songbook you'd have to go with the full Hoster program.
Sam
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