Could someone please check this out to see if it's just me. VMS16 Plat Build 109.
Go to Preferences/Audio and alter "Normalize Peak Level" from its default of -0.1 to -1.0. Then find or create a clip whose audio exceeds 0.0dB. Add it to the timeline and right click for Switches and then Normalize it. The result is it now has a peak value of -0.1dB (default) instead of the value set in preferences of -1.0dB. Other clips, which don't exceed 0.0dB behave as expected and normalize to -1.0dB.
It's the same with VMS15 Plat. Bug or by design?