FWIW most all these small recorders have two mic input gain choices. For what I know about this dating back to the early 80's portables, ONLY the 'LOW or 20 dB' mic input sensitivity setting is truly a best choice for most all types of important-for-low-distortion audio quality purposes. The 'HIGH or 0 dB" setting tries way too hard to push the gain of the first mic amp gain reducing both the low bass/high frequency response bandwidth, and audibly increases the distortion.
If needing more gain (not often a requirement if recording in 24 bit) go line in with a good designed external preamplifier to keep recording qualty optimized. I have smaller than smallest deck external preamplifier models offering higher than internal mic amp optimum gain without the mentioned audio quality issues. See these here:
www.sonicstudios.com/access.htm#micampRecording in 24 bit even with REC level manual adjustment at maximum eliminates the need for more gain as post edit software allows 24 bit depth masters excellent loudness adjustment at full (audible) quality even if recording level was at or below <-20 dB FS VU.
Using the deck's internal mic powering does increase the M10's input noise a bit, but very much less that seen on other deck models featuring low voltage P-I-P mic powering features. Keeping mic power turned off using an external battery module solves this issue, but for M10 because of its rather quieter mic powering ability, only real reason is virtually all small electret mics really require much higher than PIP deck voltages (~2.5 volts vs. external box 9 volts) to fully operate in lowest distortion modes.
Exception to this is my own brand of DSM mics running fully optimized directly from Sony M10 and D50 model decks as described at:
http://taperssection.com/index.php?topic=83254.0