the s-meter on many radios does indeed use the agc circuit,
in most exports it works by rectifying a sample of rf from receivers IF stages, next it is amplified through the agc buffer amp,
the agc buffer / agc amp and squelch amp are usually each one section of a quad opamp but not always,
output from the agc buffer is sent to the s-meter through a resistive divider or two dividers if it has ssb and am/fm s-meter adjustments and agc timing is changed according to mode,
the agc buffer signal also goes through the RC components that set agc attack and decay timing then onto the agc amplifier to control receiver gain,
the squelch amp also takes its signal from the agc buffer
in most exports it works by rectifying a sample of rf from receivers IF stages, next it is amplified through the agc buffer amp,
the agc buffer / agc amp and squelch amp are usually each one section of a quad opamp but not always,
output from the agc buffer is sent to the s-meter through a resistive divider or two dividers if it has ssb and am/fm s-meter adjustments and agc timing is changed according to mode,
the agc buffer signal also goes through the RC components that set agc attack and decay timing then onto the agc amplifier to control receiver gain,
the squelch amp also takes its signal from the agc buffer