So a litte update. I have two of these pedals. An old single knob - currently at the end of my chain, and a v2.
I use the V2 first in my chain right before my octave. It's a boost and slight OD for me. But I was thinking of ways I could control peaks when I use my filter (fwonkbeta, I really love this thing a lot) without having to get a compressor. I don't like compressors that much at the end of my chain. If I am going to use one, it is usually at the beginning, but I don't even do that much.
Anyway, I have started messing with using the V1 as an always on compressor. I keep the knob turned all the way down. Even with this I notice that it adds some volume and a little hair. It focuses the signal a little and does some slight coloring to the tone. So while it is not a transparent option, it is still serving the purpose of keeping my effects from peaking my signal and also adds some definition to my sound.
Just a little experiment, but I like this. Not sure if anyone else runs one like this, but I am curious what the V1 does to the tone with the knob at zero, it appears to add a db or 2 and a little hair in the high mids, but that's all I can discern so far.
Feel free to share if you run one like this too.