Just to reiterate, the show was far from death-metal loud. It was a "classic rock" band in a very high end venue with a superb PA, skilled sound man, etc. The M10 was placed at a table near the middle-back of the room, which is probably 20 feet from the stage, and just about dead center between the PA speakers. The PA speakers are actually mounted above the lighting rig, quite high up. The volume was more than sufficient for a classic rock band, but not enough to leave your ears ringing after the show.
To be clear, I don't know if the mics necessarily overloaded. It could be another problem entirely. There is just a bass boom on the recording between 80hz-200hz that I did not hear in the room, and that I have never heard on other recordings made in the same room with the MTII/Olympus combo.
Personally, I don't put much faith in manufacturer published specs, especially from the mass-market companies. I don't think it makes sense to compare the SPL rating of a powered external mic to whatever Sony claims for the M10's mics.
As for trying different settings with the M10, I'm not aware of any changes I could possibly make aside from switching the LCF filter on. I had the mic sensitivity set to LOW, so switching it to HIGH would only make things worse. I set the input level knob at 1 so that the meters read -12db, which is the input level suggested in the manual. I don't think there's much else I could do unless you feel the LCF filter will make a significant difference.