In Ableton Live, the output of any VST instrument can be recorded onto an audio track. If you want to reuse the recorded audio, this is faster than using the File Menu's Render to Disk option.
Ableton Live has lots of ways to make your clips groove.
Ableton Live comes with lots of built-in instruments and effects. Both the Impulse drum machine and Ping-Pong Delay come bundled with Live. However, these instruments and effects are not VST plugins.