Hi mattr ... probably what I hear with the phantom. Okay so that switch just stays off then.
I have a digital recorder attached so that's where I measure my input sound. Typically the recording is awesome, but that doesn't always mean that the live shows are good. We've had problems lately with it sounding like static, garbled, tinny, "robotic" as one listener said. But our digital recorder version sounds great.
Now I'm new to this and spent the last few days learning what "gain" even means so, please bear with me with the terminology! The preamp gain for channels 1-4 (mono, mics attached to 1 and 2) is set at unity. At regular speaking volume, there is no LED lights lighting up. I have only just figured out what the preamp does! So after reading your post here, i did adjust the preamp on my mic. I have to put the gain all the way up to the highest gain to begin to see movement on the LED lights. The lights go up as far as 4, maybe 2 below the 0 mark on the LED lights. It then is really loud in my headphones even though the headphones volume control on the mixer is set at middle point (does the headphones/"control room" volume knob work with unity at center or is it like a radio volume that goes from mute to full volume??).
Mixer does not have a PFL or solo. I think the FX version of the same model does.
Don't know what a post-fader is.

I did all of the above with the channel slders at 0 and the Main Mix volume sliders at 0.
UPDATE: I did find this in the manual. "In the 1204, the first aux send is labeled MON and is permanently switched pre-fader."
Many thanks for your help.