As others have mentioned, the 'Master Volume' you are indicating does indeed affect the rendered audio level. I always leave this set at its maximum when working in Realband to get the max output of the rendered files and usually have to amplify the rendered file another 2 or 3db to get it to the levels I want.

The attached diagram shows my simple setup and how I control the audio to speakers and headphones.

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Studio Flow Diagram
Last edited by Del; 05/09/22 07:36 AM. Reason: added jpg

Del