Nevermind, i figured out a way. I just routed the Click(in mono) to another output on the card, back into the Desk then just recorded it in real time.
Dunno why i didn't think of that before :/
Instead of routing the click like you did. Here is what I does:
Draw a midi track in and set the snap quantize function to 1/4 notes. Drag out as many as you need.
Output that to the LM-7 or something similar (that makes drum noises)
Solo the midi track and do a mixdown importing it back into cubase. I can't remember but you might have to make sure that the midi track is in musical mode instead of time based mode so it will fallow the project tempo.