This is correct, the Convert-2 can output 18dbu, 20dbu, or 22dbu at 0dbFS using the calibration buttons. This is while keeping the pot bypassed via the relay. Output can be padded down even further using the pot, if necessary, but then you have an extra pot in the signal path as well. Edit: With all the clock talk, make it a point to try the Convert-2 using it's internal clock as the master clock (flashing green LED). A couple of us found it superior to using the clocks coming from upstream transports.