I know this may sound a bit corny, and maybe pretentious, but if I had one piece of advice to give you regarding this, it is the following :

the metering in the OT is useless. If you really want to know how loud you can go, I would suggest the trick mentioned above, where you can monitor the waveform being recorded in real time, and find out which LED color means “clipping”. I have found that I can reliably go into the red without actually clipping, making this metering completely unreliable.
Just like anything else in the OT, you are encouraged to rely on your ears more than your eyes. Doesn’t make it right though, and I too wish that we could get proper metering.
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