This is where "Asymmetrical Peak Limiting" built into modern AM processing comes in handy! Again, the average male voice is asymmetric in nature. This means that when examined on an audio spectral analyzer, the amplitude peaks will be slightly higher on one side of the plot as opposed to the other. This is why proper "Phasing" of the audio is critical! We always want the positive peaks to be higher than the negative peaks in amplitude since the negative peaks cause distortion when modulated above 100% at the transmitter. There are devices out there called "Phase Rotators" and "Phase Scramblers" that keep the the voice phase positive at all times. However, these devices are not really needed if just one mic and one voice is used. Once the correct phase is established, it will rarely ever change with just one voice and microphone.
With modern AM processing where built in asymmetrical peak limiting is employed, we can manage the negative peaks at about 95% while letting the positive peaks travel well above 100% while still satisfying the transmitter with clean output. It's like having your cake and eating it too! Of course, like anything else, there are some purity issues and tradeoff when using real aggressive peak-limiting. There will always be a fine balance between low distortion and aggressive peak limiting. The trick is finding the balance that will satisfy both sides of the equation - Loudness vs. Cleanness. A little bit of peak limiting will go a long way, so don't get too carried away!
See the Inovonics Model 222 Data Sheet by Clicking Here
For those on a tight budget like me, I personally like the Inovonics Model 222 AM processor. This AM processor has a pre-emphasis network, a low-pass filter (either at 9.7kHz or 5kHz), a tight asymmetrical peak limiter, and filter overshoot compensation. Also, the "Positive Peaks" control can be adjusted for a maximum of 130% positive peak modulation relative to the negative peaks! All features are bypass switchable You can find the 222 at Broadcast Supply Worldwide (BSW) for around $550.00.