Actually I never ran AM except to check my SWR. LOL SSB all the way baby. Now this was back in the late 70's/early 80's mind you. I used either an old Midland 13-898B or a Colt Black Shadow.
If anyone is interested in some scope pictures, I'll gladly take some and post if requested.
Robb,
Pics are uploading as I write this. You can put a "swing" mod in the 148/2000/Madison chassis by adding a diode in series with R228, it's a 560 ohm 1/4 watt resistor. No idea what this does for any kind of negative peak compression, but I know it modifies the AM pass regulator circuit. However if this is done, you MUST change out the 2SC1419, and replace with a GE-66/NTE152/2SC1061, otherwise you will knock out the pass regulator, it can't handle the extra current pulled by the higher modulation peaks.
~Cheers~