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Because smarter people than you or I have stated this on many occasions here and other viable rf forums and had you been listening you would have read this and I quote Bob85 " PEP is the only true measurement of an amplitude modulated signal" read the last 3 words in that quote then reread again.


Average power really shines in FM mode.


FM conveys information over a carrier wave by varying its instantaneous frequency and should not cause a movement in an average reading meter unless the deviation is out of wack.