Interestingly, if you use the standard cover plate from Parts Express, the neutral position isn't marked, but I had thought it might be halfway across about a 270-degree arc:
But if you use the two-knob plate they sell, it's marked at about 80% of the way around:
Yet either way the L pad itself is the same. I used the two-knob plate and pushed the knob onto the shaft such that the halfway position on the L Pad appears at the "0" position on the plate.
But now I think that's wrong. It actually seems to depend upon the circuit design of the crossover, per
this thread, which states that the full clockwise position runs the signal full strength, but suggests that a crossover designer may tweak the equalization to achieve a flatter response with some attenuation, at some other arbitrary point.
And now I just found Zilch's statement
here: "LP1 is balance with LF, then set LP2 for VHF level."
So I guess, on the image below (posted by Zilch at page one of this thread):
Red line = LP1 at highest setting, LP2 at lowest setting.
Yellow = Both at highest settings.
Blue = LP1 at lowest setting, LP2 at highest setting.
Green = Both at lowest settings.
(That's just what I believe; I could be wrong.) But I can't tell where the woofer curve would be relative to the horn curve. In any event, if I'm right, then I should set LP2 (VHF) to its minimum position to flatten the horn as much as possible. Once it's flat, I should adjust LP1 (MF / volume) so that the horn and woofer seem to be about equally loud (maybe use my pink noise generator and spectrum analyzer apps on a pair of iPhones to help). Once I have LP1 set properly, I can monkey with LP2 to adjust the treble curve to preference.