Margin overshoot — the series
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Two measurements of one margin
A phase margin is computed from the loop gain in the frequency domain, without ever looking at a step. An overshoot is measured from the closed-loop step response in the time domain, without ever looking at a Bode plot. Inverting the standard relation on the second returns 34.9° against the first's 34.9°, and the residue is the third pole.
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One margin, and the gain under it
A phase margin of 45° is quoted as an overshoot of 23 per cent, and on a loop with plenty of gain below its crossover it is: three lags a hundredfold apart, closed at 45°, overshoot 23.6%. Bring the same three lags together and the loop reaches 45° at a loop gain of 2.83 instead of 141, and overshoots 41.0% — the same margin, 1.73 times the ringing. The closed-loop peak follows the overshoot where the margin does not: predicted from the peak the worst error over 27 loops is 3.1 points, from the margin 22.2. The gain margin moves with it, from 37.2 dB to 9.0.
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The margin a delay spends
A phase margin can be made of a lag or of a delay, and the number is the same either way. Forty-five degrees from a lag overshoots 23.3 per cent, and forty-five degrees from a delay overshoots 28.7; at sixty degrees the sign reverses, 8.77 against 5.57, and the two cross near 54 degrees. The overshoot is the smaller difference. A two-pole loop's gain margin has no limit at all, and five per cent of its extra lag as delay brings that to 25.5 dB; with all of it delay the gain margin is 90°/(90° − margin), which is 6.0 dB at 45°, and nothing else is in the expression. Across twenty-one such loops the margin alone misses the overshoot by 13.1 points. The closed-loop peak, which already reads the whole band, misses by 1.2.