>do buses in Sonar 8 not have an input gain as well as an output fader?
I really don't know, I work exclusively in the Track View. I think the equivalent in the Track View is Volume and Trim. Whatever the story is, you should be able to send to a bus and see and hear the same level as the source assuming there are no plugs involved.
My bus meter is set to RMS so the level shown will be less than the source but I should still hear the same volume and I'm not. I use the MPL1-Pro in the Master bus instead of Cakewalk's Boost 11 or similar.