So after much testing, it turns out it's Marquis, and I'm not sure if this is a bug, or part of it's normal behaviour, but it's slightly annoying either way...
Basically, when offline-bouncing, Marquis takes a while to "get started" at the beginning of a track - it needs to be fed a signal for a while before it settles into consistent compression, and the length of time it needs seems to depend on the Program-Dependent Release Contour setting...
Check out these screenshots from Wavelab... These pics are from the same loop, with different settings:

This one is where the release contour knobs are all set to 0.28... The output is hotter at the start, but settles in after a while... Remember that the loop being fed into Marquis is a proper loop - same thing over & over with no changes in level...

This one is where the release contour knobs all set to 1.80... It definitely starts out hotter than where it ends up, but it takes a shorter period of time to "settle in"...
This effect is very difficult to manage when mixing down... When mixing tracks with Marquis as last plugin in the Master chain (i.e. no limiter), if you set your levels to be as hot as possible without clipping, then this effect invariably means that the start of the track clips anyway... Using a limiter is not an option when you're providing final mixes which will then go onto proper mastering...
I should add these clips were bounced in Ableton Live 5.2, I have not tested other hosts as yet...
Just wanted to post this for people's information, in case people haven't noticed this effect yet... Is this behaviour expected/normal Alexey? Is there any setting that can be used to eliminate the "settling-in" period, without having to use high release-contour settings (which may not suit the programme material)?
/edit Both clips are 31 seconds long... they are both the same 32 bar loop bounced through Marquis, with the only difference between the two being the release contour knob settings

