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If you right click on the input/output level meters the
dialog box below is displayed.
There is a useful feature in this dialog called "Gain when bypassed". It allows you to set a gain that is only applied when Ozone is bypassed.
When Ozone is on there are many modules such as the multiband dynamics and loudness maximizer that can affect the overall or perceived level of the mix. This makes it very hard to compare "Ozone on" to "Ozone bypassed".
"Gain when bypassed" solves this problem. You can bypass Ozone and set this gain so that when you A/B Ozone on and off the apparent volume is the same.
Note that this does not work if you use the host app to bypass Ozone. In that case, Ozone doesn't know it's bypassed and can't apply the "gain when bypassed". This only applies when the Bypass button on the Ozone faceplate is pressed (or Ctrl+B is pressed).
This is the only processing that is applied when
Ozone is bypassed, and it is of course only applied when Ozone is bypassed.

Note: This help file is a quick reference for basic Ozone functions and controls. We have a separate "how to" guide that provides tips and techniques for mastering with Ozone. You can download this guide from http://www.izotope.com/products/audio/ozone/guides.html