Odd "bounce to clips" behavior

I'm using Sonar Producer, 7.02, and I'm quite happy with the work I'm able to do with this software. This is definitely not a serious issue, but it's something I've just noticed, and I'm wondering if this is a known issue with anyone else.

I start out with at least two separate clips of audio that are separate but adjacent, and sitting near each other on the same track. (This is a situation I find myself in quite frequently after going through many different simple editing operations performed on a small part of a larger audio clip.)

At this point I may wish to perform a "bounce to clips" operation on these two different audio clips, because I may want to do something else to the now larger combined audio clip.

Everything is fine up to this point, but I happen to notice the waveforms and seemingly even the volume of the newly combined clips are slightly smaller/quieter.

I've done this, and looked to be sure there were no efx anywhere on that track or any following buss, and all the different gain levels that could affect this track in any way are set at 0.0 before the bounce.

Is this a known or expected issue? Is there a setting somewhere else that I need to adjust? I'd appreciate any ideas, help, or insight.

It depends on the pan law setting and has been discussed to hell and back in the past.