To the average Joe(like me) this seems to say to mix to -12dbfs and up to and "even 20 is fine".
The OP is talking about mixing/mastering and you guys switched to tracking I'm pretty sure . It's like Tom started talking about mixing and ended up talking about tracking and John started talking about tracking and ended up talking about mixing but anyway, I'm sorry it's confusing and I need another coffee
It is all confusing at the start, which is why I kinda feel sorry for the O.P., because all these responses probably seem varied and overwhelming, yet they are mostly all pretty much correct.
NYM, not everybody does it this way, but for me there's typically not a lot of difference between individual tracking volumes and final mix volume. The neat thing is that all this stuff is designed where if you follow good and intended gain structure practices in your mixing technique, when all is said and done, the final mix - before mastering and with a master bus set to unity gain - the final mix levels don't really change all that much.
My MOTU converters are calibrated to 0VU = -18dBFS, and my tracks typically lay down RMSing somewhere near there - a couple of dB higher or lower depending on the actual nature and density of the track - and my typical rock/pop mix will come out to a pre-master mix RMS typically in the -16 to -20dBFS range.
The interesting thing was that 10+ years ago when I was recording to ADAT (calibrated to -15dBFS), I still usually wound up pulling back the tracks a couple of dB extra each when I brought them into the computer to mix, both the push the digital noise floor down and to give myself comfortable headroom for mixing, and the final mix levels still pretty much came out the same as above within a dB or two or so.
This is why it can seem confusing and why I kind of feel for the O.P. because the best answers to his question revolve around not only understanding the difference between RMS and peak, but relating RMS to good gain structure and mixing technique. It's not had at all when you get used to it, but the learning ad getting used to it seems the be the real hard part for most folks.
G.