Hi,
I've just been recording a lot of ideas and haven't used my 788 in mix mode lately... but there is a way to REALLY BOOST the compressor. You can set it to I believe, +6dB. If that's on, then that could be the big noise problem?
Is it possble you have a track that's been written over, or mistakenly assigned and it got noise recorded to it? For example: if you were recording just the left channel of your keyboard or guitar effects onto to track 4 maybe track 3 got the noise (see example below). Tracks are (I believe) assigned in pairs (1-2, 3-4, 5-6, 7/8) be default.
To assign or de-assign tracks: Press and hold "Select" on track 3 and if the green LED lites on track four then their assigned as a pair. To assign only track 3 press and hold "Select" on track 3 and press "Select" on track/channel 4. It's a toggle function, so if you press "select" on ch. 4 again it's assigned as a pair again.
Scott