Hi Bob,
Where are you pulling "discriminator" audio out of the MT500?
You'll only see the firmware version when you first boot the unit, or it MAY be on the status menu (98):
System Re-Booting...
VOTER Client System Version 3.10 1/11/2026, AllStarLink, Inc.
Enter Selection (1-19,81-82,97-99,i,o,s,r,q,d) : 98
S/W Version: 3.10 1/11/2026
System Uptime: 76.3 Secs
Squelch noise gain = 0 and diode cal = 0 tells me that the squelch initialization didn't complete (obviously), as well as the diode calibration (temperature compensation) didn't run.
Once you have initialized the device with SW2-1, you shouldn't touch that again (unless you want to reset it to defaults).
I would power it off. Turn SW2-1 and SW2-3 ON, power it up, and wait for the green LD1 to come on solid.
Power it off. Turn SW2-1 and SW2-3 OFF.
Power it on again, and check that there is now a value in the diode cal field.
Power it off, turn on SW2-2, and power it on, and see what the squelch calibration does by watching the green LD3 LED.
If it flashes slow, and never goes solid, the audio level is too low, so insert JP1, and try again.
If it flashes fast, and never goes solid, the audio level is too high, so remove JP1 (if installed), and try again.
You may need to wait up to a minute for it to calibrate. It can take it a while to iterate through the steps of the soft pot and measure.
Once you get a solid LD3, you should be good to turn SW2-3 off. Check that you have a non-zero value for Squelch Noise Gain.
JP1 is the only one that should affect squelch calibration.
JP2 is used in conjunction with setting the receive audio level. It adds/removes a 20dB pad on the input amp (at least it should, if it was built off the VOTER design...).
Give that a go, and let me know what you find.