I want to check if I can create multiple templates for different pages using Metabox template. I have different layouts & each layout has it's own sections, dont want to have metabox for all the sections visible.
Yes, you can. Just create different meta boxes for different pages. You might want to use the Meta Box Include Exclude to show specific meta boxes for a specific page. This extension works well with the Meta Box Template extension.
I guess we have some misconception about "template". The template that plugin provides is the "text" version of the meta box settings, which is different from the page template that you imagine in the frontend. Am I correct?