Whatever you pick as a reference level, you then set as 0VU on the meter. So, if you say you choose to calibrate to +6, using RMGI SM 911, for example, since it's a current tape, what you are really doing is setting 0VU to be 355 nWb/m, using an appropriate calibration tape (which could have tones at 355 nWb/m, or just as likely at some other level and corresponding adjustments can be made). That means you will have that "+6" level of 355 nWb/m as your 0VU, commonly with that requiring +4 dBu input and providing +4dBu output, but not necessarily, as I've noted.
To be more explicit for those not familiar with the process, standard calibration of a tape machine is done with a choice of reference level and is done on a particular machine for a specific type of tape.
It's done in two parts: first you use a calibration tape to set the reproduction ("repro" or playback) side so that playing back the reference fluxivity level will indicate 0VU and frequency response on playback is a good as possible and corresponds to some standard eq curve, so that if you play someone else's tapes they sound right. Then you calibrate the record section using the tape you want to use, so that your tapes will sound right both on your machine and on someone else's.
You start with a 1K tone for level, adjust head azimuth, then play the tones or tone sweep and adjust the playback eq for flattest response.
You have to do that first, because you need a properly calibrated playback side to do the record calibration for the specific tape you want to use.
Basically, once the playback side is right, you remove the calibration tape and put on the reel of tape you want to use and now you are ready to set up the record electronics.
First, you set the bias (various ways, a simple one is to adjust to maximum output at 1K and then overbias to reduce 1 dB of output).
Next, you adjust record head azimuth.
Next, choose your audio signal input operating level by the level of the signal you input (i.e. if you want +4 dBu, input a +4 signal at 1K, if you want -2 dBu, input a -2 dBu tone)
Now adjust the record gain so that when you record it, the playback indicates you are getting the reference fluxivity (0VU) on the tape. Adjust the record monitor so that that same signal also shows up as 0VU on the input.
At this point, putting in a 1K tone at your operating level should show 0VU when you monitor the input and if you push record and monitor playback, it should also show 0VU. But you want it to work that way for all frequencies.
So you adjust the record eq to get the high frequencies to your liking (you typically have to make a choice of whether to seek flattest response and take more droop at the top, or broadest response, with a broad peak somewhere between 6K to 10K. Some machines have a problem doing the record eq at full operating level (full operating level at 20K is a LOT of 20K), so you may have to back off to -10VU, adjust for flat response and then pull the gain back up at the end to get the level right.
Then you adjust low end on playback, because you are looking for overall flat response and other than Studers, there is usually no low end adjustment on the record side, so you tweak the low end playback, again to balance minimizing the bass bump versus maintaining response at and below 30 Hz.
That's typically the whole process. It's not exactly the same for every machine, but that's pretty much it.
Cheers,
Otto