So, I'm currently outputting in "stereo in a 5.1 wrapper," and "creating" a sub channel for myself in PEQ by copying the mains and using high and low pass filters to create the appropriate frequency response characteristics. And that all works great frequency-wise, but I'm trying to do volume calibration for the sub and am confused.
You can mix the LFE into the mains using 2 channels (in a 5.1 container) or you can mix the rear surrounds into the mains using just a straight 5.1 output. Either way, I would recommend using Room Correction for bass management since it is a lot easier. Use the PEQ for the active crossovers for the mains. Here is how the second method would work:
Output Format -Channels: 5.1 channels (or you could even use 7.1 if you have 7.1 audio tracks)
-Mixing: JRSS with both options checked (for stereo sources, only mix to 2.1) and (move center to front L/R)
-Subwoofer: Silent
-Note: With both options selected, you will get now get either 2.1 or 4.1
Room Correction -Set your crossover for Left, Right, SL, SR with the appropriate frequency and high/low pass slopes. They aren't labeled, but the top slope is for the speaker and the bottom one is for the sub. I also would suggest you use "Move bass to subwoofer."
-Use the distance and levels for Left, Right, Sub, SL, SR making sure the SL and SR are the same as the Left and Right. This is because you will later mix the left and right surrounds (or even rear surrounds if using 7.1) in the mains and you don't want to change anything between them.
Parametric Equalizer -Add Mix Channels and then add the left surround to the left speaker and the right surround to the right speaker
At this point you now have a 2.1 setup with the original LFE and rerouted bass from other channels all at the proper level. You have also mixed the side (and possibly rear) channels into the front channels. Now you can continue to use PEQ or PEQ2 to setup your active crossovers by copying channels, etc.
Make sure that your DSP chain has Room Correction first followed by PEQ and PEQ2. You can drag them around to change the order.
For strictly 2 channel sources you could make a different zone and use ZoneSwitch to switch to it. Matt feels that creating the subwoofer channel in Output Format is a little better for two channel than using Room Correction.
Now that I've typed all this, I'm not sure in reality if it will sound any different than just downmixing to stereo and starting from there. One thing you might experiment with, though, is not mixing the surrounds into the mains. The above allows you to easy check/uncheck the surround mixing in PEQ. Since the surround effects are supposed to be to the side and rear, I have found it distracting when they come out of the mains. This is especially noticeable when watching football or a concert and the crowd noise is coming out the front channels. The front 3 channels and LFE plus the redirected bass (using room correction) from the surrounds is sufficient most of the time and, to me, the dialogue and other front channel content is clearer and sounds better.