Ah, the dreaded "suicide switch". Sooner or later you'll key the mike into your low-drive amplifier and THEN discover the switch is in HIGH side position.
Generally not pretty.
Here's what one customer wanted to prevent this from happening. Said he never uses the headphone jack. Now it's a High-Side status light.
Just shoved the 5mm LED into the headphone jack from inside.
You'll need a DPDT switch, one side to disable the amplifier, the other side for the LED.
This guy hasn't been back with a blown amplifier section since.
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