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In my blind listening tests using 24bit word length the L2 hardware sounded better than the L2 plug-in. The plug-in sounded slightly 'dry' and lacking depth. Didn't do a null test before anyone asks.
The Weiss DS-1 is the current limiter of choice. I was actually impressed by the McDSP ML4000 limiter, and the UAD-1 precision limiter.
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