what i have done, is simply add a new bus called "ARC2", right next to my MASTER.
instead of routing MASTER directly to my
sound card outputs (= MONITOR), i route MASTER to "ARC2", and route "ARC2" to the Monitor.
then, on bounce down (or export) i simply change the routing back to normal (Master >> Monitor) and shut off ARC2 in the effects bin of that bus.
works like a charm.
i monitor my levels in MASTER, and simply adjust the ARC2 levels to match what i'm hearing if i turn that plugin on and off.