Having looked a little closer at this thread, I would suggest that you just turn down the gain as needed to keep the levels safe. My comment was just a general way to save money if padding were really needed for best results, but I don't think it's needed here.
The example I gave is one where padding really was needed for best results. My (former) 3M M-56 was not designed for adjustable output levels and the output was a bit much for my Mackie, so padding each output by 6 dB really did improve the sound by avoiding overload on the Mackie. That is a case where you not only don't want to overload the following input stage, but you really don't even want to get close, because the sound starts to degrade below overload. The levels on the tape on the M-56, however, were very critical and turning the level down there arbitrarily to keep the output level down would directly decrease the signal to noise performance as well.
I don't use the BG-1 and forgot that the green light is lighting at a pretty high level. If it were my design, that +18 lamp would be a yellow warning indicator and I'd add a green light at +4. My handy MixPre has LEDs at -30,-15, 0, +4, +8, +12 and +16, which gives an adequate picture of where levels are at. In your case, no need to worry about cranking the gain to light the +18 light, just set it for safe levels and press record.
Cheers,
Otto