Bettermaker Mastering Limiter 2.0
Clipper
Limiter 2.0 has totally redesigned clipper module.
Clipper metering is active when you have engaged soft clipping.
There is no indication on clipping when using just hard clip - this is technically not possible.
Limiter 1.0 has soft clipper only and that's why you see clipping metering right away.
Clipper in Limiter 2.0 is contains 2 separate stages.
Fist one is soft clip and you can think about it as color limiting that bring soft saturation.
Very fast transients can pass through it.
Hard clip is like a brick wall - nothing can pass it.