Seems to be working (compressing). I aligned it according to the procedure in the 1176 manual (link in this thread) exactly as specified.
In 20db GR mode, the meter is zeroed after alignment as expected. But swiching the GR switch to 12, 8, or 4 sends the GR meter higher, even with no signal, or ATTACK fully CCW (clicked off).
Switching to 12, the meter shows +2db in the red, at 8, its at +3db in the red, and switching to 4 sends it over +3. Again this is with no signal or compression. I've aligned it several times. Also, when switching back to 20, the meter takes a long time to return to zero.
Any ideas what to check? Other than that, it seems to be working ok with the new capacitors.