Think I've found a bug. Couldn't figure out why my audio was spiking "for no reason" - after much trouble shooting, I've found that whenever you have a Waves plugin on your track, it boosts the level by about 6dB. Even if it's disabled.
I am going to try it in VP17, but this would explain why I've been having to lower everything since implementing Waves (which don't play back smoothly while open, so it's nearly impossible to tweak settings in real time...
Anybody else experiencing this?