Page provided a quick explanation. I was just about to post my slightly more detailed explanation, so I'll go ahead anyway.
Tonedeaf -- I'm surprised you prefer the MT ADC to the V3. I far prefer the V3 ADC, personally. No matter...just goes to show we all have different ears and there's no single solution that satisfies all ears.
[rest of response deleted for brevity]
Bingo. Thanks alot Brian and Page. Brian, your answer gives me exactly the info that I was asking for...and then some. I really appreciate the effort you put into providing that answer!!!
Page I also appreciate your responses too. Thanks.
Brian, to answer the question about preferring the MTII ADC against the V3, I have no preference because honestly I haven't tried running the V3 in all the possible configs. (I'm confident that the V3 ADC is MUCH better than the MTII's) Additionally, I only got the V3 awhile ago and then I messed it up (see the preamp forum where I explained what I'd done to mess my V3 up). So I haven't actually had access to it all that much.
Regarding using the MTII, I just received the MTII last week so this was the first time I'd used it. I had been running my R-09HR with the V3 outputting an analog signal to the Line In jack and honestly, I really liked the sound I was getting initially so, for the limited shows that I've run the V3 with, I figured why mess with it.
That leads me to Friday night. When I arrived at the venue to record Toubab, I discovered that I'd accidently left the R-09HR at home, so I was left with using the MTII the first time out. So, since I hadn't given any thought to how best to run the MTII and since I had the necessary cables for connecting the R-09HR via the 1/8 input jack, I just set it up the same as I normally set up the R-09HR.
Of course, before the music started I had the V3 levels set where I normally have had them set for the start of a show (I don't know the settings yet...approximately in the 9pm position). When the music started, my levels on the MTII pegged hard. So I backed off the MTII levels all the way back and then backed the V3 levels all the way back down as far as it will go. Fortunately, the MTII was no longer peaking, but the MTII levels were pretty much dead on. That was great for the TK show, but of course that got me to thinking about what about future loud shows...so that's why I asked the question.
Anyway, based on the feedback that you gave me, I'll have to think some more about how best to go forward. I picked the MTII up as a backup to the R-09HR, but also so that I could run a second rig with my Church Audio setup.
I also have an MT2496, but I bought the MTII so I could give the MT2496 to my son-in-law...my daughter asked me to get him a starter rig for his birthday, so I'm giving him the MT2496 for his birthday, and I've picked up some CA-14's and 9100 preamp for her to give him.
Anyway, that's a little background about this situation. I think probably what I'll do is use the MTII only in conjunction with the CA gear and use the R-09HR with the V3.
Thanks again for the detailed responses guys!!!