You can see now how subtle is your setting (nothing wrong on that):
- Compressor will just act over the upper portion of highest peaks (2 dB).
- Any of those peaks will be reduced in just 1 dB maximum
This means that if you have a peak hitting 24 dB above average going into your compressor, it will delivers you back a 23 dB signal. To really feel any difference in dynamics, you could try lowering the Threshold or raise the Ratio a little more. If you let it set to, lets say -6dB (on same 2:1 Ratio), you could tame peaks down by -3 dB. Or choose a higher Ratio setting... With 3:1 Ratio, that same exceeding -6dB would result on 2 dB of peak above Threshold.
This allows you to raise your average level in 3 dB. Some Compressor have a Out Level set that permits you compensate the loss on peaks, benefiting the more continuous sounds to be heard louder.
(Message edited by mario farufyno on October 29, 2011)