if you route all of your sub busses (except ARC) back to MASTER....
(normally, master would be routed to the sound card)....
and THEN route the master to the ARC bus with arc on it,
then you can STILL track your peak levels on the master, as it should normally be monitored,
and bring the arc down to match the master.
some folks have been confused about the gain staging...
make everything in arc happen DOWNSTREAM of the MASTER BUS.
then, when you do your actual output, simply turn ARC off, and re-route the MASTER back to the soundcard.
i even route the ARC bus to NONE, once i'm finished with it.