So what I would like to do is make two versions of my homepage and then have something in place the separate all incoming traffic into a 50-50 split. And then be able to keep tabs on things like time on page and bounce rate for the 2 separate homepages. Is there anything like that on board with X or any plungins that you know of that I could use to accomplish this. Thanks!
It could be possible with custom development, but this would be outside the scope of support we can offer. You may wish to consult a developer to assist you with this. X is quite extensible with child themes, so there are plenty of possibilities.