I use compressors more for what others use EQ'ing for...
I don't even try to figure out what they do and how they do it, I just plug things into them and twist a few knobs until it sounds right...
For example, I'm working on a typical drums/bass/2 guitars mix at the moment with vocals...
There's an RCA BA-6A on the Tele (doesn't compress or limit so much as impart a great flavor to the track), an Ashley SC50 on
the lap steel (very underrated and therefore cheap unit for electric guitars--does what a Distressor does on electrics for 50 bucks), and a Meek VC1 on the bass DI (another fav).
All of these were chosen more for the way they accentuate certain frequencies rather than how they compress or limit a track...I just like the way they make that track sound, and I will use the same compressor again and again on the same instrument in other projects unless I find something I like better.
On the drums, it's
a DBX 166 on the stereo ribbon mic OH's (barely audible, set to about 2-3db, but you really know it when you bypass the unit), a Distressor on the snare (I love that unit on snare), and a Gates Sta-Level doing it's thing on the kick, big and boomy and yet very tight and controlled, if that's possible...
Vocal ODs on this project got the Distressor, although I've also used a Pacific Labs Multi-limiter, the BA-6A, or a weird EV compressor that is occasionally magic on certain things, or combos of the above...
The day I gave up trying to figure out how and why the units worked, and just started cramming things through them to see what it sounds like, is the day compressors really started to be my friends. I have quite a few, but I couldn't honestly tell you how some of them work...
Every one of them is good on something or they're soon gone, and if a unit is good for one thing, then it's really worth having it around.
Bruce
www.bruceharvie.com