Jeff
BTW Danny I am keen to get the Waves API 2500 compressor plugin. I am getting a lot of mastering work lately. I have been using digital EQ (Pultec and LP64, they are both amazing especially together!) and limiting of course but using the C2 as the analogue compressor. (its not mine though) I am just a bit nervous because I love how the C2 sounds it is just incredible. But I also believe you when you say things like the plugin API may be just as good. (as the real one or the C2) Is it OK? You are going to say yes it is aren't you LOL!
LOL!!! I'd never say anything digital or something modeled would be just as good...that's for sure. However, I do feel that the differences are too subtle to really fuss about other than when you are using an analogue piece to "color". To me, digital does not have that aspect down quite yet. But as far as how well these things work, I'd say just as good as far as the inner workings go. The API is one of the best compressors Waves has ever put out. And it DOES add a bit of coloration, but not to the extent that the real hardware version does. They just (in my opinion) don't quite have the circuitry thing down yet other than how the UAD stuff comes darned close yet still falls a little short.
As for it comparing to your borrowed C2, it's a different animal. I think you could come close using a few other pieces in conjunction with the API 2500, but by itself, it's going to give you different results than the hardware C2...that's for sure. It all depends on how much you need that added analogue coloration, Jeff. See man, to me, most of the analogue coloration I hear comes by way of softening highs or pushing low mids a bit more. This to me can be achieved with soft eq to compensate.
The other form of coloration comes by way of softly clipped transients that give us that tube saturated type sound. I don't feel anyone quite has that down yet...although like I've mentioned, UAD to me has it down enough to where it doesn't matter "as much".
I'll put it to you this way, if you were to grab a track and process it with your C2 and then grab an unprocessed track and try to cop it with the API and a few other things, I sincerely believe you would come so close to getting it right that it wouldn't matter...and quite possibly no one but you would notice the subtle differences. This is why I have somewhat taken the stand I've taken on analogue gear. It has its place, it does make a difference...but it's a subjective difference that no one will really notice other than those "in the field" and even there, whether it's good or bad will always be subjective.
But rest assured, I don't see any reason why you wouldn't be able to come close using the API and the Pultec or LP 64 to get the sound you're looking for. The Pultec is so transparent, you should be able to sculpt your mix with the coloration the C2 would give you. I'm not sure which one you use, but the Pultec pro I use from UAD is remarkable in the coloration area. It's a very different kind of eq that doesn't get as much praise as it should because of what it DOESN't do. It's one of those "icing on the cake" types of eq's in my opinion...sort of like the Manley Massive Passive...but better because the Pultec can be used on a wider range of material.
At the end of the day, you know you can't keep the C2 so you either have to buy one if you can afford to or find a replacement. I would say the API with a few other enhancement plugs will get you there without failure for way less money. :)
-Danny