First and foremost check the Z-5500 with another keyboard, such as the PSR-2000, 3000, Tyros, etc and see if there is a difference. At boost 11 using my 3000 I can blow the doors off the restaurant I perform at on Wednesday evenings.
If the volume level is the same level is the Mini-Korg, then the problem may be with the Z-5500. If the Z-5500 is faulty, call Logitech Tech support at 1-792-795-8500 and they'll be more than happy to replace the unit.
If the volume level is significantly higher with the other keyboards, then the problem clearly lies with the output of the Korg. If this is the case, a $99 Alesis 6FX mixer will be more than adequate to boot the Korg's volume levels to normal output levels.
The beauty of this mixer is it has a host of great features, it's compact size and the cost is quite modest for something of this quality.
Good Luck,
Gary
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Travlin' Easy