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What MXR M87 settings to achieve this goal?

My main goal with using this compressor is to get similar volume between slap and fingerstyle. So, should I be using it as a limiter with a 20:1 ratio, fastest attack, and fast release, then adjust the input so that I only get gain reduction when slapping hard, but not when playing with fingers?

Or do would it be better to use a lower ratio and set the input so that I'm getting some slight reduction on the fingered notes also?