All metering on an Instrument track is audio. Right-click the track and choose Split Instrument Track to see the MIDI metering. But be aware that all meter indications on a MIDI track are on the Output side, even when armed for recording, so you'll still need to get creative to know whether the problem is on the input side (e.g. incorrect input port/channel) or output side (incorrect output channel, Input Echo not enabled, Vel+ too negative, etc). A good way to see what's coming in is to do a quick MIDI recording and check the Event List view. If nothing is recorded, and you think input port/channel is correct, enable 'Show MIDI Activity in Windows Taskbar' under Preferences > Customization > Display, and check for activity there.
If the MIDI track is echoing note events with good velocity on the right channel, but there's no sound from the synth, ensure you have patch loaded that responds to the key range in which you're playing, that Zero Controllers When Play Stops isn't silencing the synth by zeroing Mod Wheel or some other controller, and MIDI Volume is up. And if the synth has a built-in keyboard or auditioning function, try that to verify it's generating output.