I'm happy to hear you like it, and your experience there is just like mine. ;D
Please note that I'm still in a learning process and take my notes only as an indication of "where I am" right now. I may suddenly discover that the all important thing is something entirely different than I thought yesterday.
First off; Yes, the sidechain IC is #3. Note how it suddenly seems to work...sort of...with "less effort". Sounds a bit like there's more "hole through" when it's compressing. Difficult to describe, and please do reort back with your experience with it.
And then; Yes, I do believe that 2700 mcd is too bright....but I certainly suggest that you try it out anyway. I could be wrong!!
I suspect that how bright the LED is do have influence on where on the LDR's curve we're working. Maybe you can check it out with the ones you got there? In return, and if they don't give you the attack and release we're looking for, I'll send you some of my LEDs that I have found work perfectly well.
I'll shoot a bit of video of the meter in one of my units so you have an indication of the movement you should get from an adjusted version. Remember you must go through the whole adjustment procedure everytime you change a LED, a trimmer, an LDR or anything that has an impact on how it works!
By the way, here's the link to the LED's I'm using so far. They're 10mm and thereby twice as big as the LEDs in the original, but they work as intended with the NSL 6910 LDR. The shop is in Denmark but they do ship to anywhere in the world although it may not be that clear to you when you browse the site:
http://www.el-supply.dk/?Gid=210&VNr=45A.2D
And here's their note on ordering from outside Denmark:
http://www.el-supply.dk/?Sid=5
(Scroll to the bottom of the page!)