I think the lack of a clip light on a variable gain preamp is kind of weak....the psp2 and m148 don't need them due to fixed gain. you could be bricking and have no clue.
i realize you know this since you owned one marc, but just to clarify the psp2 has a clip light for each channel, right above the power button. it's sort of useless for monitoring levels though and only aids as a brickwall identifier since it doesn't light up until the incoming signal is +3 dB over 0. it's also not technically fixed gain either since it's lowest output is ~20 dB and there are two more stepped gain options after that; +6 and +12.
should have been clearer...I know the psp-2 has them, but you could do without them. I literally never ran it unless set to zero and -35 mic sens, and the clip lights never came on. but maybe there are setups where you would need to run hotter, and the clip lights would help?
If the aerco is full continuous gain, I think it's a real detriment not to have clip lights. sure, you can run real low so there's no risk, but whether that is ideal or not depends on how the aerco sounds run low versus hot, I guess. And depending on what ADC you run behind it, you might not be able to generate sufficient gain without turning up the aerco...again having no idea if you're clipping it or not.