[quote author="NewYorkDave"]This is meant to go across the balanced (well, floating actually) output of a mic preamp, so balanced impedances are very important.[/quote]
The only possible enhancement I can think of would drive the VU meter and resistances in push-pull, using the other TL072 output as well. You could dispense with your coupling cap, probably, unless you want that to limit low frequencies and/or are anticipating d.c. offset in the source, and double the ripple frequency induced in the power supply while removing ground currents in the dual rail case. You will also only need half the gain, or double the series meter R's.