[Elecraft] AGC OFF --> S-meter gone?

[Tom Hammond NØSS]

Andreas:

When ACG is turned OFF, there is NO ACG voltage developed to drive the S-meter!

Tom  N0SS

>I found a strange thing on my K2 (#2555).  A S9 + 20db CW station with
>AGC ON does not make the S-meter move when I turn off the AGC.  The
>signal itself stays just as loud in the speaker.