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In Stereo Tool it doesn't really matter - look at how fast and how far things are moving and adjust the settings accordingly.
If you want to restore lost highs caused by a misaligned tape head as well, you might want to check out my other program, Tape Restore Live!, which contains the same AZIMUTH correction but with highs restoration. Also, it doesn't downsample the audio to around 44/48 kHz (which Stereo Tool does!).
Interesting - I was unaware that it downsampled. So that means if I use it in a 24/96 stream, with the project at 24/96 that the output is essentialy padded? Ouch.
Tape Restore Live - sounds like a winner to me so off to go buy me a copy. Appreciate the tip.
As far as restoring the lost highs goes (especially from recordings that started life as 15IPS and were downgraded to 7.5IPS (or even lower - yuk)) I have been using the Universal Audio Ampex ATR-102 tape emulation very successfully. Are you familiar with it, by any chance? I'd be interested to know what you think of it