mikeh,
You forgot about setting the volume. Very tricky or you can get really bad clipping. Sounds awful. Do some exprimenting. The "Auto" volume setting is less than satisfactory. (Sorry JohnT) Also set the "Enable automatic track splitting" to "on". That works pretty good. Again, do some experimenting before committing to an entire album. There is a balance between "automatic track splitting" and "wait for sound before recording". If the sensitivity in "maximum gap level" is too high, sometimes the beginnings of songs are chopped. If too low, even the silence between tracks is read as "sound". Start with the presets and see if that works for you. I found that 5% works best for me.
There are many variables that affect each other and not all of them are MJ related. There are different preamp outputs, cartridge outputs, amplifier outputs and sound card issues. Thats why you have to find what works best for YOU. And that requires experimentation.
CVIII