For what it's worth, -3dB peak after a full play is what I have always used when I master something here. Why do I use that particular number? I really can't tell you to be honest, but I tried it and others and felt better with -3 dB peak than anything else. The same as how I prefer -6dB peak going to disc. I tried lots of different input numbers....-6dB peak just seemed like it was the best for me and what I do.
When I worked with Bob Katz, -3dB was what he used as well (and what he also talks about in his book) so I was quite happy to know I at least had THAT part of it right. :) Anyone wanting to argue with a ME like Katz and his beliefs should mail him about it. :)
For what it's worth, I do NOT believe in up-sampling contrary to what people say regarding that. If the information is not there to begin with, I'm not adding anything helpful.
As for the 16/44 thing Konrad, that disturbs me. The reason being, the dithering process shouldn't be done by the client nor should it be skipped. Who's to say a client will use the right dithering to 16 bit? There are some that say you don't even need to dither. My take on that is....I've dithered because I've been trained that I'm supposed to. I do not hear a difference when dithering or just mixing a 24/48 down to 16/44 without dithering a thing. But I've heard other peoples material that had some stuff wrong with it because they didn't do something right or double dithered etc. It just shouldn't be handled by a client EVER in my opinion.
Would I NOT dither something? No, because the majority of my colleagues as well as those with credibility that have taught me, all said I should use dithering because it's the right thing to do. If dithering brought on artifacts that took down the quality of the audio I was working on, I'd not use it and would fight them to the death that they are out of their trees. As it stands, using it or not using it....I cannot hear a difference, so I use it because I'm supposed to and there are no artifacts. Stupid reason, I know...but I'm being honest and am not claiming to know everything.
When I was learning to master and Katz told me to dither, I dithered even though I couldn't tell a difference. When he told me "-3dB peak" my motto became "-3dB or don't send it to me".
When I was taught "do not put anything in the master bus because you are then attempting to do the ME's job...and you can ruin it" I asked clients not to add compressors and limiters to their master buses unless they truly knew how to use a compressor for glue and not as a limiter that would give me square blocks of audio.
When I was taught "record at 24/48 and process exactly the way the material was recorded via bit/sample, I stuck to my guns as well. I've found all of the above (whether they be right or wrong methods) to be rewarding to ALL of my clients as well as myself and my own material.
That said, whatever the mastering house you choose requests, is what you should ALWAYS follow. However, if you don't quite approve of something, don't be afraid to ask them why they want something a certain way. :) Good luck.
-Danny