To answer the actual question…. The make up gain only affects the compressed signal…. The input gain affects the whole signal (you use this knob to almost overdrive the compressor so it gets all freaky and crunchy…..)
Also digging the debate on pre or post compression EQ….
Like Steezo said, eq’ing before the compressor is almost counter productive as, if you are boosting the compressor is going to clamp down on that frequency and bring the level down… If cutting the compressor will bring that frequency up, so in both cases you are almost back at square one frequency wise (lets not get into transients here yet)… but armed with that knowledge you can see where to use pre compression eq… if you pre comp eq, you can emphasise a certain frequency, so say for example you want your bass line to be warmer, but when you boost it it sounds too muddy, you can pre comp eq at about 250 quite large say 10dbs and hit a comp to bring the level down between 4-6dbs, leaving you with a summed EQ boost of 4-6dbs emphasised by the compressor (with all the artificial warming characteristics of your comp) at the exact point of the boost… meaning the comp is in effect saturating the 250 band with its transient artifacts and inherent characteristics, without touching the other frequencies as much (it is clamping down on the boost, so if you have the threshold set just right you are in effect only really compressing the bit you want to emphasise and leaving the other freqs untouched (per se!) obviously you could use a multi band comp to do this as well, but it sounds different because it is working without the cross over points so you don’t get that weird overlap of compressed and uncompressed signals that you do with multi banding…
With post comp eq, you are effectively adding dynamics back into the compressed signal, leaving a much more transparent effect in total….and lets be honest modern music is all about the manipulation of dynamics….
In general I personally EQ post comp, but as said pre comp has its benefits as well
Also to add to this discussion, I had the opinion, having spoken to mastering engineers, that you are only supposed to use mulit band dynamics if the track is seriously fudged…. And single bands and Eqs cant solve it…
Discuss!