As you've observed, K-14 alone isn't the answer to the loudness wars. It's easy to create a K-14 master that's still a brick. The idea is to leave enough headroom to
allow peaks to extend well above average RMS. No metering solution is going to
assure that such peaks exist, only to let you know when you're discouraging them.
The real benefit of K-metering is to promote consistency. It's based on long-standing standards for film exhibition. If a movie theater's sound system is properly calibrated, a given movie will be reasonably close to the same subjective volume in every theater it's shown in. Bob Katz's idea was to apply that same level of consistency to music production, where no such standards had existed prior to Bob's initiative. (Unless you count "as loud as possible" as a standard.)
From a DIY masterer's perspective, it's important that you listen to your mixes at a consistent volume. That's why you do the 85 dB calibration. It's not necessary to actually listen at 85 dB, which most people find too loud. The idea is to make your monitoring system a consistent reference, the one constant that you can rely on among all the other variables.
When you set your
average level to -14 dB, you're adjusting perceived volume so that mix A at K-14 should sound about as loud as mix B at K-14. (I say "about" because there are other factors besides average RMS that affect volume.)
My personal *rough* rules-of-thumb to determine when I'm in the ballpark (>for my own style<) are as follows:
- the bulk of the song hovers around 0 dB (K-14)
- quiet parts don't go much below -4 dB (K-14)
- loud parts don't go much above +4 dB (K-14)
- highest peaks hit -1 dB (absolute scale)
- average peaks are at least -3 dB (absolute scale)
- master limiter is only kicking in occasionally, and maximum gain reduction is < 6 dB
This is going to result in an RMS dynamic range of at least 8 dB and a peak-to-RMS ratio of at least 14 dB. These parameters have been tailored to my own style, and would probably be too wide for less-dynamic genres such as EDM, hip-hop or even most contemporary pop. What you have to do is pick your best-sounding masters and analyze them to see how you got there.