Like I've said b4, I've been making reggaeton beats for many years and I can tell you FruityLoops is not only industry standard for reggaeton but it is the best for making reggaeton beats.
B4 you get mad, though, I'm very open minded and I've used reason for a long time as well and I think they are both great programs that work differently but both make great music. Usually I used reason to cook up hip hop but I've also made some nice bumpin reggaeton beats. Like you said sir, in reason you need an mpc or a midi controller to achieve greatness. Also don't use the REDRUM automation in Reason for reggaeton, use the str8 sequencer and add and take away some notes or hits every 4 bars or so. Also be careful where you quantize notes, reggaeton has lots of offbeats.
Let me know if you have any more question.
Also I made a standard ReDrum Patch for reggaeton if anybody needs it.
M05TRo "no te me asustes"