The monitor function on the IC-746 tends to have low output compared to receiver AF volume, therefore in order to listen to yourself, you have to increase the volume. When the PTT is released back to receive mode, the AF setting nearly blows your speaker or your headphones.
If the monitor audio output is too low on your ICOM 746, you can add 4.7K resistor in parallel with R1087. This brings up the gain of IC1082 to a more reasonable level that can still be controlled by the monitor level function but with plenty more gain.
These SMDs are located in the Main Board. You will probably need a service manual to locate these parts on the main board. Adding modifications to these very small parts requires some skill and a good magnifier together with the appropriate tools. A 1/8 Watt resistor will be suitable for this modification, but still require some precision.