I *always* have AGC on.  To each his own.  Don has an excellent and enlightening AGC dissertation at www.w3fpr.com which is worth reading.  See "Noisy K3."  You asked for settings, mine are:

THR=10
SLP=14
PLS=nor
HLD=0.1
DCY=nor
Fast=120
Slow=20

I operate mainly CW although I do listen to SSB a little and do a little general coverage SWL listening.  I run fast AGC on CW, usually slow on SSB.  Your threshold setting will depend somewhat on your ambient noise level.  Slope seems to be a personal preference.  I like to hear a difference between signals of different strength.

Before we moved, I was surrounded by electric fences [some mine] which always started arcing in the spring when the weeds grew up on the fence line.  The noise blanker would take the pulses out, PLS=nor prevented them from activating the AGC.  I think DCY is personal preference, nor seems to work best for my compromised hearing.  Hope this helps ... and actually answers your questions?

73,

Fred ["Skip"] K6DGW
Sparks NV DM09dn
Washoe County

On 4/26/2018 12:01 PM, Bill Stravinsky via Elecraft wrote:
  I never use AGC on cw, only on ssb (and that ain't too often, hi)

Bill
K3WJV

     On Thursday, April 26, 2018, 1:17:25 PM EDT, Leroy Buller 
<[email protected]> wrote:
Hello all.  Long time posting here.  I am interested in CW AGC settings you
like on your K3.  I have been fooling around with the settings and wonder
what others like.  I am interested in CW contest settings.

Lee K0WA


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