You would be better off using a quality compressor/limiter on the way in patched between the Mic Pre and the audio interface.
It should be set for
limiting (not compression) and the threshold set quite high so for a lot of the performance it basically does nothing much and lets everything through as normal. However a loud passage or phrase will catch the limiter and the limiter will just limit that loud section to a predetermined value. If set well it should not clip either or even be obvious.
Many people think limiters should come after compressors but there are many situations where the reverse is true. When you limit first
(in recording) you end up creating a signal that needs much less compression after.
(in mixdown) It is still needed but the compressor won't need to work anywhere near as hard as if it was first. It will sound transparent and lower ratios can be used.
(eg 2:1 anything over and you are over compressing) Lower ratios make things sound bigger. Then you have the luxary of turning the vocal down. Maximum illusion, minimum voltage.