Well, I haven't had experience with that compressor; but remember that compression is one of the few areas that are truly handled better "in the box." Do you have the Waves C1 compressor? If you do, that's about the best you can hope for, in terms of hardware or software, until you're in the $3000.00 range looking at something like the Focusrite Red 3.
Like I say, I don't have experience with THAT compressor; but all the Behringer stuff I've been around has always sounded less than flattering (e.g.- a little noisy, especially), so I, personally (not saying everyone should), have tried to stay away from that company...with one exception: the Ultra-G direct-injection box seems to be o.k. And I hear their newer monitors are a good value..
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