Lowering Transient Peaks

In the past I've been using the limiter section of Audition or the Waves Ultramaximizer to lower transient peaks on mixdowns. Typically I'll normalize the mix and then use whatever setting I need to even out the peaks, then bring the overall level back up. My settings are such that the threshold and output ceiling are the same, for example -3db respectively, so that only the transients are affected.

I used to manually lower all the peaks but found this to be a lot easier though I'm now concerned about chopping off the peaks with a limiter. I'm wondering if a soft compressor might be a better option. I'd be interested if anyone can suggest some compression settings for lowering the peaks without affecting the rest of the wave. I'm using the Waves plugins (RVerb, C1) and Audition 1.5 and 3.0.

Thanks.

Check my reply in the other forum you posted this question to...

Cheers

James.