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PCM3070 stereo fast limiter

I tried to used a DRC as a limiter (compression in region 2 = 25) and found it was way to slow to limit fast peaks in a voice or music signal. I'm now trying to use the stereo fast limiter component placed after the DRC. (LimitIn=0.75, ratio=0.5). It doesn't seem to work correctly. I would expect a sinewave input/output to become rounded or limited on it's peak as I get beyond the limit threshold but it doesn't occur on my oscilloscope. Is there any suggestions on how to implement this component?

Is there any other method to implement a fast limiter?

How fast is a stereo fast limiter component? 

Regards,

Tom