Ok, thanks Jeff, I will be building my second (hopefully correctly) and then try to fix the first.
One last question:
My tests with a dynamic mic are all great, but when I connect a condenser, I need to activate the pad AND have the gain all the way down, along with some output attenuation in order to get a sound that is not clipping. This is just with my voice, by the way. Is this normal? Have I screwed up some part of my phantom power? Again the dynamic mic works flawlessly with a full range of settings.