Dear AMers, after more efforts to improve the original circuit, I included in the HV ALC circuit the progressive negative peak limiting concept as found in this forum.
http://www.ing.unitn.it/~fontana/AM%20ALC.pdfI am very happy with it. With no feedback it is a very good negative peak limiter. With feedback it is a very efficient and simple ALC.
With feedback I can talk at "any" distance with a hand microphone and fixed mic gain with always near 100% modulation, with no transistor or IC in the circuit....
If the feedback system is overloaded for any reason, the progressive peak limiter takes control and fixes the situation. Obviously the overall dynamic range is the summation of the dynamic ranges of the two systems taken separately.
I hope it will give good results to all those will try it.
Giorgio