I just thought I'd post a picture of what I use to set my recording levels:
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It's a GW 1Mhz Audio Generator, model GAG-808G. I bought it off eBay years ago, mainly for calibrating car audio installations.
The output goes to a single cable with two RCA jacks, wired in mono. Before connecting the audio generator, I make adjustments by ear and first listen to the song a couple times, watching for peaks and making small adjustments until I'm close. Then, I connect the audio generator and make the final adjustments and match the gain on each channel. I use the meters on the recording interface and the digital meters in the recording software so they are as close as possible.
Every record is different and sometimes the levels from song to song on the same LP are drastically different and need fine tuning before recording.