No metering on the Diamond. It's your simple, basic 3-knob comp pedal, but with Cadillac components. Very different approach to the FEA and Empress, which pack most of the controls of a rack compressor into a pedal format.
I stand corrected. My Diamond came in today, and the Green status LED is multi-coloured. It turns red according to how much gain reduction is happening.
Not as useful as proper metering, but it does give you a rough idea of how hard your signal is being squashed.
Great-sounding compressor, by the way. Definite thickening effect, although you can moderate it with the EQ control. The EQ is a pretty cool feature, too. Especially with the 250/900 switch, which gives you two different flavours of tone control.
It worked well with my very loud active bass. No farting out, nicely chosen attack and release values.
Still not what I'm looking for, though. Even with the compression turned down all the way, it had a stronger effect on the note envelope than I'm looking for.
I did make one unexpected discovery today, though: the store had a couple of new pedals I hadn't seen before, and one of them was the new Zoom MS-50G. I had been reading about the MS-60B, which is the bass version, so I thought I'd give it a go, just to see what the user interface was like.
To my surprise, there was no low-end rolloff, and the effects were quite believable. Except for some of the amp sims and distortion pedals, there was very little noise. With the threshold and ratio controls backed off almost all the way, the "rack compressor" model worked better for me than the MXR Bass compressor! I was equally impressed with many of the other effects, including the autowah and the extremely fast and accurate tracking of the octaver.
After realizing how many goodies were packed into such a small, inexpensive box, I ordered an MS-60B, sight unseen. If nothing else, it will give me a nice little gigbag companion for occasions when a random effect is called for.