Rich, THX for the reply.

I used the term "successful burns" to indicate that I have created finalized CD’s with sufficient levels to play in consumer CD players.  I have placed professionally mastered CD’s in the Marantz and the levels are defiantly higher than I can create. I  have never 'ripped' the data from the CDs I have made and looked at them in a waveform editor or just input from the SPDIF straight into a computer as I am not using a computer right now.  I don’t  have a decent soundcard or waveform editor software at this point.  (Soon I will have a dedicated computer in the studio and  can start to get my feet wet in that world).  The SPDIF master out is definitely weaker than my monitor outs.  Again if I push the hell out of the KORG and pad the monitor out using the level control next to the headphone level control I can make things work, but I would prefer to have all things equal obviously.

If you have the chance I would be interested in the results of  any waveform analysis you performed.

THX for all the help.  I’ll stay in touch.

PS do your panels work with Cakewalk 5.0 pro ?