True, although you can also set the loudness type to RMS or Peak (or True Peak) instead of LUFS. I’ve been thinking about adding some kind of hybrid mode to use both simultaneously. But that’s just an idea so far, haven’t started digging into it.
The meter and compressor have different demo songs used. Both are licensed through Audiio.
compressor: Philip Dansor - Bloom (Instrumental)
meter: Annasara - A Lifetime Rolls By