A few things that I noticed
The lights flickering on the board are ok thats normal.
I thought so, but I wanted to check
Does your channel two work? The same?
Yes, they both function exactly the same as far I can tell.
You need to reread the pdf and setting up the meter section found in this thread just do a search.
I'll be sure to give it another read through, but the meter stuff isn't really my main concern. I was going to hold off on that until I was sure it was compressing correctly
It sounds like it is compressing but your r37 limit response might be set the wrong way try turning it all the way the other way.
So it's only going down about 3 or 4 db with the compression turned all the way up. Is that normal? It seems like it should squash the signal more. The signal running into the compressor is a ~+4dbu 1K sine wave coming from my daw(as you described above) through my mixer which has meters . I have a 1meg pot on the front panel attached to r37(s) and adjusting that makes a slight difference, but not a ton.
Have fun.
Thanks