Hi Joe,

Yes, you are correct and I understand what you are saying. 

However, reduced carrier power from the K3 TX is not an issue if driving an
external amplifier to, say, 100 watts carrier. In this case, output from the
K3 may be only 10 watts carrier (40w peak), leaving plenty of overhead to
accommodate an increase in positive modulation well beyond 100%.

Andy  VK4KY
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